The United Arab Emirates produces roughly 3 million barrels per day, primarily through ADNOC. Murban crude and Dubai crude are key Asian benchmarks. Fujairah, on the eastern coast outside the Strait of Hormuz, provides a critical export bypass during Gulf disruptions.
Current Context
Current state (June 9, 2026): The UAE, which formally departed OPEC effective May 1, is watching de-escalation take hold. Iran and Israel agreed Tuesday to halt attacks after a weekend exchange, and Trump says both are close to a new ceasefire — reviving the path toward a Hormuz reopening that Fitch pegs around the end of July. ADCOP pipeline continues to carry available bypass volumes that don’t transit the strait, which remains closed under the dual U.S.-Iran blockade. Crude fell below $90 as the escalation premium unwound. The UAE remains a primary U.S. security partner in the Gulf.