Why The UAE Left OPEC // TRAIN BRAIN

Why The UAE Left OPEC

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 on the link below.
#CNBC #CNBCExplains #UAE #OPEC
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