UAE Exit from OPEC Signals US Alignment, Could Lower Oil Prices
Experts suggest that the UAE's exit from OPEC indicates a closer alignment with U.S. interests. The UAE aims to supply more oil than its previous OPEC quota, a move that could potentially help push down global oil prices once the Strait of Hormuz becomes fully operational again.
UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.