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Evening Standard

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Anna Wise

UAE to leave Opec group of oil producers amid Middle East energy shock

OPEC Oil UAE Iran Iraq Saudi Arabia WAM

(Alamy/PA) -

The United Arab Emirates has decided to leave the Opec group of oil producers after six decades of membership amid an energy supply shock in the Middle East spurred by the US-Israeli war with Iran.

The UAE announced the decision, through the state-run WAM news agency, which will be effective from May 1.

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