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UAE exits OPEC and warns Strait of Hormuz must stay open after drone attack
International
Published on 4 May 2026
Its warning follows a tanker hit in Hormuz —
The UAE says it has exited OPEC and OPEC+ as a sovereign choice, hours after an ADNOC tanker was struck by Iranian drones in the Strait of Hormuz. UAE officials condemned the incident as a terrorist attack and urged the shipping chokepoint to remain open, warning that closures could destabilize global trade and energy markets.
- UAE confirms it has exited OPEC and OPEC+
- ADNOC tanker reportedly hit by Iranian drone activity in Hormuz
- UAE labels the strike a terrorist attack
- Officials demand Hormuz stays open to protect global stability
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times