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United Arab Emirates

April 29, 2026

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Analysis

UAE’s OPEC exit rattles cartel as Gulf alliances shift

OPEC's fourth-largest producer will leave the cartel on May 1, marking the most significant departure in the group’s history as the war changes Abu Dhabi's relationship priorities.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

MUMEN KHATIB/AFP via Getty Images

Why UAE's decision to leave OPEC is major shift for cartel

The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil.

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Yuichi YAMAZAKI / AFP via Getty Images

First LNG tanker transits Strait of Hormuz since Iran war began

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Last Updated: April 28, 2026, 8:54 am

UAE to leave OPEC on May 1

Thomas Kronsteiner/Getty Images)

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UAE’s cash request tests US ties as Iran war strains Gulf financial muscle

A view of Dubai Marina in Dubai on March 3, 2026.

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IEA delivers grim gas supply forecast as oil notches 15% weekly rise

A liquefied natural gas (LNG) tanker is moored at a LNG berth in Kawasaki, Kanagawa, prefecture April 8, 2026.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Libyan National Army (LNA) members, commanded by Khalifa Haftar, pose for a picture as they head out of Benghazi to reinforce the troops advancing to Tripoli, in Benghazi, Libya April 7, 2019. REUTERS/Esam Omran Al-Fetori - RC14EB305380

Why global and regional powers aren't standing up against Hifter's Libya offensive

If major international players could find a common interest in a stable Libya, they might see a simple way out of the seemingly endless wars of post-Gadhafi succession, yet they continue to back opposing factions in Libya.

People carry food aid they received from the local charity, Mona Relief, ahead of the holy month of Ramadan on the outskirts of Sanaa, Yemen May 5, 2019. REUTERS/Khaled Abdullah - RC130ADB5390

Yemenis demand aid transparency as humanitarian crisis rages

A campaign demanding transparency in aid delivery is gaining traction in Yemen, where a humanitarian crisis threatens millions.

U.S. Secretary of State Mike Pompeo (L) meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia January 14, 2019. Andrew Caballero-Reynolds/Pool via REUTERS - RC1E4A498AC0

Saudis’ troubled ties in region threaten Trump's anti-Iran agenda

The Trump administration is tightening the screws on Iran, but Saudi Arabia, Iran's archnemesis, may not be of help drumming up support for the US policy given the state of its current relations in the Arab world.

Members of Libyan National Army (LNA) commanded by Khalifa Haftar, get ready before heading out of Benghazi to reinforce the troops advancing to Tripoli, in Benghazi, Libya April 13, 2019. REUTERS/Esam Omran Al-Fetori - RC1B9C0FEEB0

What Russia makes of Hifter's offensive on Tripoli

Russia has positioned itself as an impartial middleman in the Libyan crisis, but there's a fine blueprint that defines this position.

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Qatar's Emir Sheikh Tamim bin Hamad al-Thani speaks to the country's consultative Shoura council in Doha, Qatar, November 6, 2018. Qatar News Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC1FF5F57E20

Qatar’s first elections since 2017 reveal unexpected impact of GCC crisis

Turnout in the Qatari municipal elections has declined, suggesting a Qatari citizenry that is slightly less engaged in the formal political process in the wake of the GCC crisis.

Iran's Supreme Leader Ayatollah Ali Khamenei delivers a speech during a ceremony marking the death anniversary of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini, in Tehran, Iran, June 4, 2017. TIMA via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RC16ADBF0A50

Iran leadership shrugs off US oil sanctions, pledges response

Iran's supreme leader says the US plan to cap the flow of his country's oil will lead nowhere, pledging a "response to the US hostility."

Oman’s rising diplomatic role in Yemen met with mixed reaction in GCC

Oman's strategy of constructive engagement with the Houthis has been met with pushback from Saudi Arabia and the UAE.

Turkish Foreign Minister Mevlut Cavusoglu (C) and Iranian Foreign Minister Mohammad Javad Zarif (2L) give a press conference in Ankara, Turkey, on April 17, 2019. (Photo by Adem ALTAN / AFP) (Photo credit should read ADEM ALTAN/AFP/Getty Images)

Iran sets up trade vehicle with Turkey as Saudi, UAE send flood aid

Iranian Foreign Minister Mohammad Javad Zarif said relations with Turkey are the best they’ve been in decades, while Rouhani struck a conciliatory tone amid Saudi and Emirati flood aid.

Sudan’s President Omer Al Bashir welcomes Turkey's President Recep Tayyip Erdogan at Khartoum Airport, Sudan December 24, 2017. REUTERS/Mohamed Nureldin Abdallah - RC1EBBF69470

Erdogan claims Sudanese coup actually targeted Turkey

Now that the Sudanese military has ousted the president who ruled there for three decades, it will be interesting to see how the new administration will approach Omar al-Bashir's longtime friend, Turkish President Recep Tayyip Erdogan.

Members of the Southern Transitional Council (STC) gather for the second session of the STC's national assembly in Mukalla on February 16, 2019. (Photo by Saleh Al-OBEIDI / AFP) (Photo credit should read SALEH AL-OBEIDI/AFP/Getty Images)

Does Russia seek return of independent South Yemen?

Russia is tacitly stepping up its efforts to engage with the UAE in Yemen and reach out to the Southern Transitional Council, which favors the reestablishment of an independent South Yemen.

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A man walks past a currency exchange bureau advertisement showing images of the U.S. dollar and other currencies in Cairo, Egypt, April 2, 2019. REUTERS/Mohamed Abd El Ghany - RC1BF9442E80

Is debt answer to Middle East economic troubles?

The forecast for growth across the Middle East and North Africa is bleak. Unfortunately for the regions, heavy debt appears to be one way out.

New bollard-style U.S.-Mexico border fencing is seen next to vehicle barriers in Santa Teresa, New Mexico, U.S., March 5, 2019. Picture taken March 5, 2019. REUTERS/Lucy Nicholson TPX IMAGES OF THE DAY - RC16D209A700

Border wall fight could jeopardize funding for US bases in the Middle East

The fight over funding for President Donald Trump’s proposed border wall could impact key US bases in the Middle East.

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