
The UAE didn't just leave OPEC, it sent a clear message to Saudi, Russia, and Iran, simultaneously.
The UAE had invested billions in spare production capacity it was never allowed to use because Saudi-driven quota cuts kept getting in the way.
After years of frustration, they’d finally had enough.
But the timing reveals the real story, UAE-Saudi relations have been deteriorating for years. And Saudi’s conspicuously muted response to Iranian missiles hitting UAE cities was, apparently, the final straw.
Ditching OPEC+ also just so happens to reduce Russia's influence over global oil markets, at exactly the moment Moscow is backing Tehran.
There is also a compelling theory that the U.S. Treasury's decision to provide the UAE with a dollar swap line days before the announcement was not a coincidence…
The Trump admin desperately wants lower oil prices heading into the midterms, and the UAE being able to pump at full capacity helps achieve that.
For OPEC, the long-term implications are serious:
Cheating on quotas was already rife before, every Gulf country is now desperate to recoup war losses, Russia needs every petrodollar for Ukraine, and smaller members will increasingly ask what the point is of being bossed around by Riyadh.
Qatar left in 2019, Ecuador in 2020, Angola in 2024, and now the UAE in 2026.
The cartel that quadrupled oil prices in 1973 and reshaped the global economy may now be collapsing from within.
Source: TLDR News Global YT