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April 29, 2026
Trump praises UAE's exit from OPEC
- President Trump expressed strong support for the UAE's decision to leave OPEC, stating it could lead to lower oil prices.
- The UAE's exit is seen as a significant blow to OPEC, where it was the third-largest oil producer.
- The decision comes amid escalating tensions with Iran, which have impacted the UAE's oil export capabilities.
2 Sources
- Trump welcomes United Arab Emirates exit from OPECApr 29, 2026 at 7:04 PM · Reuters
- Trump says it's 'great' that UAE pulled out of OPECApr 29, 2026 at 7:37 PM · CNBC