Before this pivotal moment, the UAE had been a member of OPEC since 1967, continuing its membership through the formation of the nation in 1971. However, recent criticisms have surfaced regarding the lack of support from fellow Arab states in protecting the UAE from Iranian threats.

On April 25, 2026, Anwar Gargash, a senior Emirati official, highlighted that while Gulf Cooperation Council countries provided logistical support, their political and military backing had been historically weak. This sentiment underscores the growing frustrations within the UAE.

The backdrop of these events is the ongoing Iran war, which has significantly impacted crude oil exports through vital shipping routes like the Strait of Hormuz. Approximately a fifth of the world’s crude oil and liquefied natural gas passes through this narrow passage. The Iranian threats have made it increasingly difficult for Gulf producers to ship their exports.

The Brent crude oil price has surged to $119.50 per barrel since the onset of hostilities in Iran—a staggering increase that has drawn ire from figures like Donald Trump, who accused OPEC of inflating prices.

Key statistics:

• The UAE joined OPEC in 1967 and remained a member until now.
• Brent crude oil price reached $119.50 per barrel amid rising tensions.
• 3.4% increase noted in oil prices since the outbreak of conflict.
• 5% of global crude and LNG passes through the Strait of Hormuz.

This sequence of events signifies not only a shift in alliances but also raises questions about future energy dynamics in the region. As OPEC+ grapples with internal divisions and external pressures, one must wonder: what will be the long-term implications for both regional stability and global energy markets?

Сообщение Opec: The UAE’s departure from shakes the energy market появились сначала на Latest News UK.