business
UAE's departure from the OPEC oil cartel is not without precedence. Who could be next?
Key takeaways
- Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
- The United Arab Emirates' shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit.
- The country's decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with the blockade of the Strait of Hormuz disrupting its exports, putting pressure on the backbone of its economy.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
The United Arab Emirates' shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit.
The country's decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with the blockade of the Strait of Hormuz disrupting its exports, putting pressure on the backbone of its economy.
Article preview — originally published by CNBC. Full story at the source.
Read full story on CNBC →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CNBC alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop