India, April 28 -- UAE Announces Exit from OPEC and OPEC+: The United Arab Emirates has taken a major step that could reshape global oil markets by announcing its withdrawal from OPEC and OPEC+. The decision comes at a time when geopolitical tensions in the Middle East continue to disrupt oil supplies and create uncertainty in global energy markets.

Officials confirmed the decision on Tuesday, signalling a shift in the UAE's long-term energy strategy. The move could weaken the influence of OPEC, which has long played a central role in managing oil production and stabilising global prices.

Energy analysts believe this development could significantly impact coordination among oil-producing nations, especially as global markets face supply...