UAE Exit from OPEC Disrupts Global Oil Governance (eco.sapo.pt)

• UAE to depart OPEC effective May 1
• Strait of Hormuz blockade restricts 20% of global oil flow
• Diminished efficacy of OPEC supply management

"The United Arab Emirates will officially exit OPEC on May 1, 2026, leveraging the geopolitical instability caused by the blockade of the Strait of Hormuz. With 20% of global oil supply currently cut off, this departure significantly undermines OPEC's ability to influence international energy prices and market dynamics. The move signals a major shift in energy geopolitics and challenges the long-standing influence of the cartel on the global stage."