The Ramifications of the UAE Leaving OPEC
The UAE's decision to exit OPEC is not a procedural footnote — it is a structural rupture in the cartel that has shaped global energy markets and constrained American foreign policy for decades. The UAE was OPEC's third-largest producer, and its departure arrives on the heels of prior defections and years of Saudi unilateralism that have steadily hollowed out the cartel's ability to coordinate production and move prices. What remains of OPEC is a diminished institution whose most vulnerable member, Iran, will depend heavily on elevated oil prices to fund post-conflict reconstruction. But the…
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