The United Arab Emirates announced its withdrawal from OPEC and the OPEC+ alliance, effective May 1. This major decision hits the oil cartel amidst a significant energy crisis, exacerbated by disruptions following the US-Iran conflict.

<p> <img alt="The United Arab Emirates was OPEC&#039;s third-largest producer, behind Saudi Arabia and Iraq, with output of 3.4 million barrels per day before the conflict with Iran" height="80" src="https://en.mercopress.com/data/cache/noticias/109955/100x80/opec.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> The United Arab Emirates announced on Tuesday its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) ...