00:00The United Arab Emirates announced it will leave OPEC effective May 1, marking a significant
00:05disruption to the global oil alliance. The decision follows weeks of missile and drone
00:11attacks by Iran, along with shipping disruptions in the Strait of Hormuz that have constrained
00:16UAE exports. Officials say the move is based on a comprehensive review of national production
00:22strategy and long-term economic interests. The UAE has been a key OPEC member since 1967
00:29and was the group's third-largest producer as recently as February. The exit also signals
00:35a major shift in how one of the world's top oil producers plans to operate in an increasingly
00:40unstable geopolitical environment.
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