
UAE Exit from OPEC Marks Geopolitical Shift in Gulf Power Dynamics
The UAE's announcement of its departure from OPEC after 60 years represents a significant geopolitical fracture within the Gulf, driven by longstanding tensions with Saudi Arabia over oil quotas and regional strategy, as well as frustration with the response to Iranian attacks. The move weakens an already declining cartel that once controlled half the world's oil output but now accounts for only about a quarter.
