The U.A.E. Pulls Out of OPEC

©iStock/Dmitrili Pichugin

The United Arab Emirates’ (UAEs') decision to withdraw from OPEC marked a new alignment in the Middle East, where the tiny but fantastically wealthy Persian Gulf country becomes more tied to Israel and the U.S. than the Arab world.

The U.A.E. has practical reasons to pull out of OPEC. 

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