Washington DC, April 30 -- US President Donald Trump on Wednesday welcomed the United Arab Emirates' decision to exit the OPEC and OPEC+ alliance, saying the move could help bring down global oil and gas prices.

"I think it's great. I know him very well, Mohammed. He is very smart. And he probably maybe wants to go his own way. That's a good thing for getting the price of gas down, getting oil down, getting everything down. They have it all. He's a great leader, actually. I'm okay. They're having some problems in OPEC," Trump said, referring to UAE President Sheikh Mohammed bin Zayed Al Nahyan.

The UAE on Tuesday announced its exit from OPEC and the broader OPEC+ grouping, marking a significant shift in global oil dynamics. The country,...