Overview
- The UAE said Tuesday it will quit OPEC and the wider OPEC+ group on May 1 and that it did not consult other members before deciding.
- Energy Minister Suhail al‑Mazrouei said leaving removes production limits so the country can meet its own targets.
- The government has targeted raising oil capacity to about 5 million barrels per day by 2027.
- Analysts say the move undercuts OPEC unity and reduces the cartel’s sway because the UAE ranks among its largest producers.
- Officials tied the timing to recent attacks and a de facto closure of the Strait of Hormuz, and reporting points to deeper U.S. and Israeli security support for the UAE including a reported Iron Dome transfer.