The Growing Rift Between the UAE and Saudi Arabia, Explained
The New York Times • • world
Key Points:
- The United Arab Emirates announced its withdrawal from OPEC, signaling a significant shift in its relationship with Saudi Arabia and impacting global oil markets.
- Saudi Arabia has long been the dominant force in OPEC, using its production capacity to influence oil prices, but the UAE's exit reflects a rejection of Saudi-led control within the cartel.
- The rift between Saudi and Emirati leaders has developed over time, moving from a close alliance to open rivalry.
- A decade ago, Crown Prince Mohammed bin Salman of Saudi Arabia and Sheikh Mohammed bin Zayed of the UAE were aligned allies, united in their regional ambitions post-Arab Spring.
