UAE Exits OPEC and OPEC+ | A Global Energy War Begins?
- Apr 28
- 1 min read
Geopolitical expert Abishur Prakash ("Mr. Geopolitics") warns that the UAE's decision to exit OPEC (and OPEC+) could lead to a global energy war and new headwinds for the PetroDollar.
Summary:
After 59 years, UAE has exited OPEC and OPEC+, putting its national interests first.
The decision comes as the Iran war damages Emirati cities, the global energy emergency worsens, and questions rise as to what will happen to oil markets when the war ends.
Big questions exist as to the UAE-Saudi Arabia relationship, and separately, how the UAE will price oil post-OPEC.
Expert Perspective: Analysis by Abishur Prakash, one of the world's leading geopolitical experts and authors. This series, "Geopolitical Bites," covers breaking events and what they mean for the world.
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