On April 28, the United Arab Emirates announced on Tuesday that it would withdraw from OPEC and OPEC+ starting May 1.

Against the backdrop of the Iranian war having triggered a historic energy shock and shaken the global economy, this dealt a heavy blow to the organization and its de facto leader, Saudi Arabia.
As a long-standing member of OPEC, the UAE's unexpected announcement to withdraw could lead the organization into chaos and weaken its influence—despite internal disagreements on issues ranging from geopolitics to production quotas, OPEC usually strives to present a unified stance.

This could be a significant victory for U.S. President Trump.
Trump has accused the organization of "extorting the rest of the world" by raising oil prices.
He also linked U.S. military support for the Gulf region to oil prices, claiming that while the U.S. defends OPEC member countries, they "use high oil prices to their advantage."
The UAE is a regional business hub and one of Washington’s most important allies.
Prior to this move, the UAE criticized other Arab countries for not taking sufficient measures during the war to protect themselves from multiple Iranian attacks.
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