The shockwaves from the United Arab Emirates’ dramatic exit from OPEC ripple through global oil markets this week, raising fresh doubts about the future of one of the world’s most influential cartels. After six decades of shaping oil supply and prices with a unified voice, the UAE’s departure threatens to unravel the tightly knit structure that has long underpinned global energy stability. At the same time, ongoing geopolitical tensions around Iran and the Strait of...
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