The Real Meaning of the UAE’s OPEC Exit

Government

When the United Arab Emirates exits OPEC on May 1, it will not be abandoning a club so much as declaring that the club no longer serves its interests. That distinction matters. Abu Dhabi’s departure is not a reaction to a single grievance but the convergence of three forces: the Iran war, a deepening rivalry with Saudi Arabia, and a strategic realignment with Washington that has been years in the making. The U.S.-Israel war on Iran has made the UAE a front-line state in ways it did not fully

The Real Meaning of the UAE’s OPEC Exit http://foreignpolicy.com - 08:14

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The Real Meaning of the UAE’s OPEC Exit http://foreignpolicy.com - 08:14