The United Arab Emirates has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC Plus alliance, effective May 1. According to the state news agency WAM, the decision aligns with the country’s long-term strategic and economic vision and aims to accelerate domestic energy investment. The UAE stated that the move will strengthen its role as a responsible and reliable energy producer in the global market.

The statement cited ongoing instability in the Arabian Gulf and the Strait of Hormuz as key factors disrupting energy supply chains. The UAE said it seeks to ensure market stability and meet global demand amid the crisis. The decision comes against the backdrop of the Iran war, which has severely affected global energy flows and regional economies. The UAE reportedly expressed frustration that Arab nations failed to provide sufficient protection from Iranian attacks during the conflict.

Analysts view the UAE’s withdrawal as a major setback for OPEC and its de facto leader Saudi Arabia, raising concerns about potential disruptions in global oil supply and price volatility.