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United Arab Emirates quits OPEC as Iran war raises Gulf tensions

The United Arab Emirates said Tuesday that it would leave OPEC, the Organization of the Petroleum Exporting Countries, which coordinates oil output among leading energy producing nations. The departure from OPEC will likely lead the UAE to boosting energy output. Although with the Strait of Hormuz closed, it's not clear how fast any increased production would be able to reach global markets."Following its exit, the UAE will continue to act responsibly, bringing additional production to market in...

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