India, April 28 -- The United Arab Emirates (UAE) has announced its withdrawal from both OPEC and OPEC+, marking a significant development in global energy dynamics amid ongoing disruptions in oil supply.

The decision, confirmed on Tuesday, comes at a time when geopolitical tensions in the Middle East continue to impact global energy markets and trade routes.

UAE announces exit from oil alliance

The UAE government stated that its departure aligns with long-term energy policies and evolving market priorities.

Energy Minister Suhail Al Mazrouei said the move reflects sector-driven developments and remains consistent with broader market fundamentals.

He also acknowledged decades of cooperation with OPEC members, while reiterating the co...