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UAE exit: Why a Gulf oil shift could hit fuel prices everywhere
April 29, 2026
Posted 7 hours ago by
The United Arab Emirates has announced it's leaving OPEC and OPEC+. That's a move that could have major implications for global oil markets, and cause a shift in power among oil producing states in Middle East. David Levitz speaks to Justin Dargin, senior fellow at the Middle East Council on Global Affairs, a Qatar-based think tank. The decision comes at a time of heightened instability, with the Iran war disrupting shipping through the Strait of Hormuz , and crude oil prices high on global markets.
The UAE says its departure is based on long-term production strategy. But analysts say it also reflects deeper tensions within OPEC and growing geopolitical pressure in the Gulf. #opec #uae #saudiarabia #usa #dwnews 00:00 UAE leaves OPEC. What just happened? 00:47 Justin Dargin, Middle East Council on Global Affairs 01:59 What is OPEC? 05:50 Is Saudi Arabia’s power at risk? 07:02 What if other OPEC members leave too? 09:01 Is OPEC’s weakening a win for the US? 11:34 Why did the UAE decided to leave OPEC now? 16:06 What happens next in the oil market? 18:31 Is this the beginning of OPEC’s end? For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
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