"The decision by the United Arab Emirates to quit OPEC comes at a time when the global energy crisis is at its worst, significantly affecting oil markets."
"The ongoing US-Israel war on Iran has had a profound impact on the UAE, prompting this strategic move away from OPEC."
The United Arab Emirates is exiting OPEC, marking a significant loss for the oil-producing group. This decision occurs amid the worst global energy crisis in modern history, exacerbated by the US-Israel conflict with Iran, which has severely impacted the UAE. The timing raises questions about the implications of this departure for both the UAE and OPEC, as the bloc navigates the challenges posed by the ongoing energy crisis.
Read at www.aljazeera.com
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