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The GCC should insure itself against the next Strait of Hormuz crisis

UAE’s exit from OPEC was largely driven by the perception of the Emirati leadership that the Strait of Hormuz crisis was an opportunity to grab greater oil market share. If this trend of unilateral

UAE exit from OPEC signals closer alignment with US interests, experts say

OPEC+. They do have some ability to set prices, and a decline in that power will be welcomed by the US,” Mazarei said. On Thursday, global oil benchmark Brent crude futures LCOc1 rose as high