UAE walks away from OPEC amid energy turmoil

April 28, 2026 (MLN): In a major shake-up for global energy markets, the United Arab Emirates is leaving OPEC and the broader OPEC+ alliance, dealing a significant blow to the producer group led by Saudi Arabia at a time of heightened geopolitical tensions.

Currently, Brent crude futures are up by $3.11, or 3.02%, to $111 per barrel, according to data by Mettis Global.

West Texas Intermediate (WTI) crude futures are up by $3.28 or 3.40%, to $99.65 per barrel by [5:53 pm] PST.

The exit of the UAE, long considered a key and reliable member, threatens to undermine unity within the bloc, which has traditionally presented a coordinated front despite recurring disagreements over output targets and regional politics, according to Reuters.

The development comes as global energy markets remain on edge due to disruptions linked to the ongoing Iran war.

Producers in the Gulf are already grappling with supply risks, as shipments through the Strait of Hormuz, a vital corridor for about one-fifth of global oil and liquefied natural gas face mounting threats from Iranian attacks and warnings, complicating export flows.

The decision is likely to be viewed as a win for Donald Trump, who has frequently accused OPEC of driving up oil prices and argued that U.S. security support for Gulf nations is being taken advantage of. 

He has also tied Washington’s military role in the region to energy pricing concerns.

The move follows rising frustration in Abu Dhabi, with the UAE reportedly criticizing fellow Arab states for failing to provide adequate support in the face of repeated Iranian attacks during the conflict, adding strain to regional alliances.

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