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The Guardian Business · Apr 30, 2026 2:00 PM EDT EnergyGeopolitics

Could the UAE’s shock exit from Opec cause an oil price war?

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel on Tuesday after 60 years is expected to weaken the alliance, which under the leadership of Saudi Arabia has helped to soothe volatility in the global oil market for d…

Could the UAE’s shock exit from Opec cause an oil price war?
Image The Guardian Business

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