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First modification: 04/29/2026 - 01:43
The United Arab Emirates (UAE) announced that it will leave OPEC and the expanded OPEC+ alliance as of May 1, 2026 in the interest of increasing its domestic production and redefining its long-term energy strategy. With the war in Iran and the closure of the Strait of Hormuz as the framework for the crisis, the decision deals a severe blow to the oil export alliance led by Saudi Arabia, following complaints from Abu Dhabi to its regional partners for not doing enough to stop Tehran. We analyze the panorama in the #InvitadoDelDíaF24 with Nelson Baldeón, consultant in Energy Geopolitics and strategic resources.
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