UAE leaves OPEC in blow to oil cartel during war on Iran

OPEC will lose an important member, the UAE, on May 1, 2026 [File: Ramzi Boudina/Reuters]

The United ‌Arab Emirates has announced its decision to quit OPEC and OPEC+ to focus on “national interests”, dealing ⁠a heavy ⁠blow to the oil-exporting groups at a time when the US-Israel war on Iran has caused ⁠a historic energy shock and rattled the global economy.

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Question: Will Canada stop exporting its oil and start taking care of Canadian needs first?

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