Trump backs UAE OPEC exit, discusses Iran with Putin
Trump praises the UAE’s OPEC exit while discussing Iran’s civilian nuclear program and ceasefire proposals with Putin, signaling shifts in energy and geopolitical dynamics.
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Russian President Vladimir Putin and U.S. President Donald Trump in Helsinki on July 16, 2018. (Brendan Smialowski/AFP/Getty Images)
US President Donald Trump welcomed the United Arab Emirates’ decision to withdraw from both OPEC and OPEC+, describing the move as beneficial for global energy pricing.
“I think it's great,” Trump said when asked about the development. “I think ultimately it's a good thing for getting the price of gas down, getting oil down, getting everything down ... I'm okay. They're having some problems in OPEC.”
His remarks reflect Washington’s longstanding preference for lower oil prices, even at the expense of its other oil-producing allies like Saudi Arabia, particularly in the context of domestic economic considerations and global market competition.
UAE frames exit as strategic sovereign decision
The UAE announced its withdrawal, effective May 1, through its state news agency WAM, marking a significant shift in Gulf energy policy.
Afra Mahash Al Hameli, director of communications at the UAE Foreign Ministry, described the move as “a sovereign, strategic choice grounded in its long-term economic vision.” She emphasized that Abu Dhabi would continue to cooperate with international partners and contribute to global energy markets despite leaving the alliance.
The decision signals a broader recalibration among major producers, as states seek greater autonomy in managing production levels and responding to shifting global demand.
Read more: After OPEC, UAE considers leaving GCC, Arab League: Reuters
Trump and Putin discuss Iran's nuclear file
In parallel, Trump revealed that he discussed Iran’s uranium enrichment program with Russian President Vladimir Putin during a phone call earlier in the day.
“[Putin] told me he'd like to be involved with [Iran's uranium] enrichment if he can help us get it,” Trump said, indicating Moscow’s interest in playing a role in shaping the future of Iran’s nuclear activities.
The disclosure highlights ongoing coordination between Washington and Moscow on key topics and strategic concerns, despite broader geopolitical tensions.
Iran said on April 18 that it will not transfer the country's enriched uranium abroad, declaring that Iran's uranium reserves are as sacred as its own soil.
Tehran continues to reiterate that its uranium enrichment program is purely for civilian use, including agriculture and medicine, and that the nation operates no military nuclear program.
Prior to the ceasefire, Washington may have attempted to steal Iran's uranium under the cover of a search and rescue mission.
Iranian Foreign Ministry spokesperson Esmail Baghaei mentioned that the failed operation in Isfahan may have had ulterior motives, stating that the possibility of Washington's attempt to steal uranium "cannot be ruled out." This sentiment is also shared by former Pentagon Senior Security Policy Analyst Michael Maloof.
Ceasefire proposal raised in US-Russia call
Trump also stated that he proposed a limited ceasefire during his conversation with Putin, suggesting the possibility of a de-escalatory move.
“I suggested a little bit of a ceasefire, and I think he might do that. He might announce something having to do with it,” Trump said.
While details remain unclear, the proposal indicates that diplomatic channels between the two powers remain active, even as conflicts persist across multiple fronts.
However, the US president told Axios that the naval blockade on Iran will continue if Tehran does not capitulate to US demands regarding its civilian nuclear program.
Three sources also told the outlet that US Central Command (CENTCOM) prepared a plan for a "short and powerful" wave of strikes on Iran in hopes that the increased pressure on the Islamic Republic will move negotiations in Washington's favor.
Iran, despite US threats, stated clearly that it is ready for any new attack against its people.
Implications for energy and geopolitics
The convergence of these developments, the UAE’s exit from OPEC+, US-Russia discussions on Iran, and tentative ceasefire proposals, points to a fluid geopolitical landscape.
Energy markets may experience increased volatility as traditional coordination mechanisms weaken, while diplomatic engagements suggest parallel efforts to manage escalating tensions.
Trump’s endorsement of the UAE’s move and his engagement with Russia underscore a broader strategy based on reshaping energy balances and negotiating outside traditional frameworks.