US President Donald Trump welcomes the United Arab Emirates’ (UAE) decision to withdraw from OPEC and the “OPEC+” agreement.
“Elchi” reports that Trump stated this to journalists at the White House.
According to him, this decision will help lower fuel prices in global markets.
“I think it’s great. It’s a good development. Ultimately, it will be good for lowering the price of gasoline, oil, and everything else. They have some problems within OPEC,” Trump believes.
On April 28, it was announced that the UAE is withdrawing from OPEC and the “OPEC+” agreement effective May 1, 2026.