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First modification: 04/29/2026 - 01:40

The United Arab Emirates (UAE) announced this Tuesday, April 28, its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance due to "disturbances in the Persian Gulf and the Strait of Hormuz", as of May 1, 2026, the official Emirati news agency WAM reported. The exit comes at a time when OPEC production fell 27.5% in March, compared to February extractions.

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