Trump endorses UAE's OPEC exit, citing potential energy price relief

The U.S. president praised the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries, signaling support for a move that could reshape global oil markets and geopolitical dynamics.

By Handelsavisen Newsroom · Automated 2026-04-29 19:39 UTC · 1 min read Updated 2026-05-02 16:53 UTC

President Donald Trump expressed strong approval of the United Arab Emirates' recent decision to exit OPEC, stating that the move could help reduce energy prices.

Speaking at the White House, Trump described the UAE's action as 'great' and suggested it could have a positive impact on global oil markets.

The UAE's departure from the cartel comes amid heightened tensions with Iran, another OPEC member, which has launched repeated missile and drone attacks on the Gulf state.

The UAE's exit from OPEC marks a significant shift in the geopolitical landscape of the oil industry.

As a founding member of the organization, the UAE's decision to leave could signal a broader realignment of energy strategies among key producers.

Analysts are watching closely to see how this development might affect global oil supply and pricing dynamics, particularly in the context of ongoing U.S.-Israeli tensions and the broader Middle East conflict.