UAE to quit Opec in blow to oil exporters’ cartel

Big win for Donald Trump, who has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices

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The United Arab Emirates has quit the Opec oil cartel in a heavy blow to the group and its de facto leader, Saudi Arabia, amid the global energy shock caused by the Iran war.

The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas.