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Why UAE stepped away from OPEC amid Iran war and soaring crude oil prices

United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global energy market. The move comes amid a Strait of Hormuz blockade and ongoing Iran conflict, heightening fears of severe oil supply disruptions from alliances that control nearly half of global output.

Source :- Markets-Economic Times Read More

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