Today, Jess, Jamil, Les, and John examine the UAE’s decision to leave OPEC, the oil cartel that has shaped global energy markets for decades. The announcement signals mounting strain within OPEC, fueled by Abu Dhabi’s frustration with production limits and rising competition with Riyadh, at a time when tensions in the Strait of Hormuz and historic U.S. energy output are shifting the geopolitical foundations of the global oil order.
What does the UAE's exit mean for OPEC's long-term viability as a coordinating force in energy markets? Can the UAE actually capitalize on increased production if the Strait of Hormuz remains closed? How has Washington's posture toward Gulf oil producers — and its own energy dominance — influenced this fracture?
Check out the answers to these questions and more in this episode of Fault Lines.
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