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Euronews

Toby Gregory and Euronews Doha team

UAE leaves OPEC, citing national interest in 'a new energy age'

OPEC UAE Strait of Hormuz Iran

The United Arab Emirates announced on Tuesday that it will leave the Organisation of the Petroleum Exporting Countries (OPEC) effective 1 May.

“The time has come to focus our efforts on what our national interest dictates and our commitment to our investors, customers, partners and global energy markets," the UAE said in a statement to state news agency WAM.

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