UAE to exit oil production groups OPEC, OPEC+ amid global energy crisis

Global energy markets face a significant shift as the United Arab Emirates announces its departure from OPEC and OPEC+ amid severe energy disruptions and a blockade at the Strait of Hormuz, challenging traditional oil production monopolies. Simultaneously, a United States blockade on Iranian oil exports has created a critical storage shortage, threatening the long-term viability of Iranian wells and infrastructure. While alternative transport routes like rail are under discussion, maritime trade remains the primary concern for global supply stabilisation. So, how will the UAE's decision impact the world? Will this end up being an advantage to India? Watch as experts share their views on these and more on the show.