UAE's OPEC Exit Backed by President Trump Amidst Regional Tensions
President Trump supports the UAE's decision to leave OPEC, citing potential benefits for global energy prices, as the region faces escalating conflicts.
President Donald Trump has expressed strong support for the United Arab Emirates' (UAE) decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. Speaking at the White House, Trump stated, "I think it's great," and described UAE President Sheikh Mohamed bin Zayed Al Nahyan as "very smart," suggesting that the move could lead to lower energy prices.
The UAE's departure from OPEC, where it was the third-largest oil producer, marks a significant shift in global oil dynamics. The decision comes amid heightened regional tensions following the U.S.-Israeli military operations against Iran that began on February 28, 2026. In response, Iran has launched missile and drone attacks on neighboring countries, including the UAE, and has effectively closed the Strait of Hormuz, a critical passage for global oil shipments.
The UAE's Energy Ministry cited an extensive review of its production policy and future capacity as reasons for the withdrawal, emphasizing the nation's appreciation for OPEC but highlighting the need to focus on national interests. Analysts suggest that this move could weaken OPEC's influence over global oil prices and production quotas, especially given the UAE's significant production capacity.
The ongoing conflict has disrupted global oil markets, with the closure of the Strait of Hormuz severely constraining the UAE's ability to export oil. The Trump administration has responded to Iran's actions by imposing a blockade on Iranian ports, leading to a stalemate in negotiations. Iran has proposed a mutual reopening of the strait while postponing nuclear talks, but President Trump has rejected this plan, stating, "They are choking like a stuffed pig, and it is going to be worse for them. They can't have a nuclear weapon."
As the situation develops, the international community remains watchful of the potential long-term implications of the UAE's OPEC exit and the broader regional conflict on global energy markets.