"The stunning loss of the longstanding OPEC member could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas."
"Anwar Gargash, the diplomatic adviser for the U.A.E. president, criticized the Arab and Gulf response to the Iranian attacks, stating, 'The Gulf Cooperation Council countries supported each other logistically, but politically and militarily, I think their position has been the weakest historically.'"
"Trump has also linked U.S. military support for the Gulf with oil prices, saying that while the U.S. defends OPEC members they 'exploit this by imposing high oil prices.'"
The United Arab Emirates announced its departure from OPEC, significantly affecting the oil-exporting group's cohesion, especially during the ongoing Iran war. This exit could lead to disarray within OPEC, which has historically aimed to present a united front despite internal conflicts. The U.A.E. has faced challenges in exporting oil through the Strait of Hormuz due to Iranian threats. The move is seen as a victory for U.S. President Donald Trump, who has criticized OPEC for high oil prices and linked U.S. military support to oil pricing issues.
Read at www.cbc.ca
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