1 revisions for "The Biggest Defection in OPEC's History: Why the UAE Walked Away — and What Comes Next"
The United Arab Emirates announced on April 28, 2026 that it will leave both OPEC and OPEC+ effective May 1, the largest defection in the 65-year-old cartel's history. The move, driven by years of quota disputes with Saudi Arabia and a broader geopolitical realignment, removes a core pillar of OPEC's market management capacity and raises the prospect of a post-war oil price war once the Strait of Hormuz reopens.