The decision by the United Arab Emirates to leave the OPEC is causing serious shocks to the international balance and the economy.
Developments in the energy, as the United Arab Emirates announced the withdrawal from OPEC and OPEC+.
The move is a shattering blow to Saudi Arabia and the cohesion of the organization, at a time when the fighting in Iran have already brought historic turbulence to prices and global stability.
The exit of such a key member is expected to weaken the first front that the organisation has traditionally sought to project.
The decision comes as a backlash to the Emirates’ strong resentment toward other Arab states, which it accuses of inadequate protection against Iranian attacks.
The situation on the international scene is now shaping up as follows:
- Significant significantly weakening of OPEC’s influence on international production quotas.
- Political victory for Donald Trump, who had repeatedly accused the organization of “exploiting the rest of the world” through artificial price increases.
- Further uncertainty about the movement of fuel through the Strait of Hormuz, a critical passage for global trade.
The US president had directly linked US defence support to Gulf countries to oil costs, claiming that cartel members “are exploiting the situation by imposing high oil prices” despite the protection they receive.
With this new geopolitical shift, the Emirates appear to be aligning themselves more closely with the demands of Washington, upsetting the traditional balance of power in the Middle East.
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