Overplaying Strait of Hormuz card will turn Iran into a pariah state
Overplaying Strait of Hormuz card will turn Iran into a pariah state.
Overplaying Strait of Hormuz card will turn Iran into a pariah state.







The Gulf state is the latest to quit the group, which was created to form a united front on oil pricing.

The United Arab Emirates has announced it’s withdrawing from OPEC and OPEC+.
Announcement comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz.
The rise is largely symbolic as some key members are unable to raise production amid the US-Israel war on Iran.
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Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.
Saudi Arabia, Russia and other members of OPEC+ agreed to voluntary output cuts for the first quarter of 2024.