On April 28, the UAE announced that after 60 years, it was leaving OPEC, one of the world’s most powerful alliances of oil-producing countries. Citing national interests and quotas, the country argued for more independence regarding its oil strategy. But the timing also points to deeper geopolitical forces: the Iran war, shifting Gulf alliances and Abu Dhabi’s closer alignment with the U.S. So why did the UAE really leave OPEC? CNBC Explains producer Gaelle Legrand breaks it down. 📷️ Watch the full explainer at the link.
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