How the Iran War Scored Trump His Biggest OPEC Win Yet
Sebastian Ujică
It was a stunning announcement: The UAE is leaving the oil cartel OPEC on May 1 this year. The news will be warmly welcomed in the White House as a win for President Donald Trump, who has long railed against OPEC for distorting oil prices by artificially adjusting supply against market forces, accusing it of “ripping off the rest of the world” in a fiery 2018 speech to the U.N. General Assembly. “This decision reflects the UAE’s long-term strategic and economic vision and evolving energy
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