
UAE leaving OPEC is a very big deal. OPEC produces 40% of the oil supply in the world. As a cartel, they dictate production. Meaning, oil prices. UAE is #3 largest in OPEC. And they have Fujairah pipeline which totally bypasses Hormuz. By exiting OPEC, the UAE breaks the cartel that is keeping oil prices high, unlocking 1 million extra barrels per day.





















