UAE Abandons OPEC to Embrace Free Market Amid Iran Tensions

The United Arab Emirates has officially left the Organization of Petroleum Exporting Countries after nearly 60 years, signaling a strategic pivot toward free-market energy policies. This move reflects growing recognition that OPEC's production quotas are becoming obsolete in a volatile geopolitical landscape dominated by Iran. As the UAE seeks to maximize oil revenue independently, it challenges the traditional cartel model and offers a new paradigm for global energy security.