The UAE Was Always Going to Leave OPEC
The United Arab Emirates leaves OPEC on 1 May. The international press has framed this as a sudden break, a reaction to the Iran war, or a present to Donald Trump. But the exit is the predictable end of a decade of pressure that was in place long before the Iran war.
UAE energy minister Suhail Mohamed al-Mazrouei told Reuters the decision was strategic.…
