The United Arab Emirates has announced it is leaving OPEC and OPEC+, effective May 1, a stunning move given it has been part of the group since before the UAE became a nation in 1971.  This comes at a time when the Iran war has already disrupted shipping through the Strait of Hormuz, sending shockwaves through global energy markets. Is this a huge blow to OPEC and Saudi Arabia? What happens now to oil prices? On The Big Story, Hongbin Jeong speaks to Mukesh Sahdev, Founder and CEO, XAnalysts, to find out more.See omnystudio.com/listener for privacy information.

The United Arab Emirates has announced it is leaving OPEC and OPEC+, effective May 1, a stunning move given it has been part of the group since before the UAE became a nation in 1971.&nbsp; This comes at a time when the Iran war has already disrupted shipping through the Strait of Hormuz, sending shockwaves through global energy markets. Is this a huge blow to OPEC and Saudi Arabia? What happens now to oil prices? On The Big Story, Hongbin Jeong speaks to&nbsp;Mukesh Sahdev, Founder and CEO, XAnalysts, to find out more.See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

The Big Story: UAE exits OPEC - Is this a big blow to the oil cartel?