The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, 2022 in Vienna. The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels on May 1, 2026 state media said on April 28, 2026. © AFP, Joe Klama J

UAE to quit global oil cartel OPEC, citing 'national interests'

· France 24

The United Arab Emirates will withdraw from the OPEC+ and OPEC+ oil cartels to focus on "national interests", a statement said on Tuesday, a bombshell announcement as energy prices soar over the Middle East war.

The UAE, one of the world's top oil producers, which has previously baulked at OPEC+ production quotas, will pull out on Friday, a statement carried by the official WAM news agency said.

Read moreSeveral OPEC+ members including Russia, Saudi Arabia extend oil output cuts

"This decision reflects the UAE's long-term strategic and economic vision and evolving energy profile," the statement said.

"During our time in the organisation, we made significant contributions and even greater sacrifices for the benefit of all.

"However, the time has come to focus our efforts on what our national interest dictates."

Gulf oil shipments are currently being strangled by Iran's blockade of the Strait of Hormuz, which flows past the UAE and normally carries one-fifth of the world's oil.

The UAE, hard-hit by Iranian attacks, has also faced trouble in its relationship with powerful neighbour Saudi Arabia, the world's top oil exporter and a dominant force within OPEC+.

(FRANCE 24 with AP)