play Live Sign upShow navigation menuplay Live Click here to searchsearchSign upToggle PlayUAE quits OPEC
The UAE announced it’s withdrawing from OPEC on May 1st. This decision comes as the Gulf nation wants to expand its oil production and as a consequence of the war on Iran which disrupted shipping in the Strait of Hormuz. What does this mean for global oil markets? Al Jazeera’s Marah Rayan explains.
