Opec

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A large oil tanker transiting the Strait of Hormuz, symbolizing the UAE's significant role and the global impact of its energy decisions.

UAE's OPEC Exit Signals Major Shift in Global Investment Trends

As of mid-April, approximately 200 tankers carrying 132 million barrels of crude oil and 40 million barrels of refined products were stranded behind the Strait of Hormuz, a critical choke point.

Priya Sen·May 5, 2026