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The United Arab Emirates announced it was leaving the Organisation of Petroleum Exporting Countries, better known as OPEC, on Tuesday. The move that would allow it to control its own oil output rather than adhering to the organisation’s production quotas. The move is seen as a major blow to the organisations’ ability to influence global oil prices, given the UAE accounts for 13% of its total output as its third-largest producer. It’s also seen as a sign of dissatisfaction with the group’s leader, Saudi Arabia, with which the Emirates has long disagreed over production quotas. The UAE has also been critical of countries in the region for not taking a stronger stance on Iran’s attacks on the Gulf countries. So, why has the UAE chosen to exit the group now? And what does it mean at a time when regional relations are already strained by the US-Israeli war on Iran? To answer those questions is expert on Emirati foreign policy and the region, Dr. Andreas Krieg. Support stories that matter. Join this channel to get access to perks: https://www.youtube.com/channel/UCR0f... Catch previous episodes of MEE LIVE, our biweekly news programme exploring the stories shaping our world through breaking coverage, expert analysis, and hard-hitting interviews. Originally airing Tuesdays & Thursdays at 12pm ET | 5pm BST Got a story tip or question? Reach us at MEELive@middleeasteye.org Subscribe to our channel: http://ow.ly/AVlW30n1OWH Subscribe to MEE Telegram channel to stay up to date: https://t.me/MiddleEastEye_TG Middle East Eye Website: https://middleeasteye.net Follow us on TikTok: https://www.tiktok.com/@middleeasteye Follow us on Instagram: https://instagram.com/MiddleEastEye Like us on Facebook: https://facebook.com/MiddleEastEye Follow us on Twitter: https://twitter.com/MiddleEastEye
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Israel and the US have launched a major attack on Iran after weeks of threats. Israeli Prime Minister Benjamin Netanyahu said the objective was regime change, while US President Donald Trump called on Iranians to rise up and take control of their government. Iranians are bracing themselves for even more devastating attacks than the 12-day war with Israel last year.
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