As Gulf states gathered for a hastily convened summit this week to discuss the US-Israeli war on Iran, one of the group dropped a surprise bombshell.
At the very moment that Saudi Arabia was hosting the regional summit in Jeddah, the United Arab Emirates announced it was leaving Opec — dealing a blow to Riyadh, the cartel’s de facto leader.
The UAE, which has longstanding frustrations with Opec quotas that restricted its ability to sell more crude, insisted the decision was driven by energy policy, not politics.
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