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First modification: 04/30/2026 - 03:45
A surprise announcement that generates uncertainty among its partners. On April 28, the United Arab Emirates announced its departure from OPEC and OPEC+. With a production of about 3.5 million barrels per day before the start of the war between the United States, Israel and Iran, the country was positioned as the group's fourth producer, so its departure raises questions about how the organization will continue. Meanwhile, oil prices rise due to the closure of the Strait of Hormuz, and the UAE's decision raises new questions.
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