UAE quits OPEC in major shift in global oil politics amid energy crisis

UAE announced its withdrawal from Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+ in a blow to oil-exporting groups and their de facto leader, Saudi Arabia. This marks a major shift in global oil politics as Gulf war disrupts Strait of Hormuz shipments. Earlier, UAE criticised other Arab states for not doing enough to protect it against Iranian attacks.