The UAE Just Broke OPEC. Here's Why It Matters.

The UAE quit OPEC. Sitting next to a shut Strait of Hormuz with oil at $108, the country with the second-largest reserves in the Gulf just went rogue. Qatar left in 2019. Ecuador pulled out. Indonesia suspended. Now Abu Dhabi says it can pump 4 million barrels a day — OPEC capped them under 3. That cap was costing $40 million a day. The Fujairah terminal bypasses the Strait of Hormuz entirely. Oil ships to India, China, and Japan without touching the blockade. Saudi Arabia built OPEC. The UAE just fractured it. Follow Money Maps for more geopolitics. #opec #uae #oil #saudiarabia #hormuz #geopolitics #oilprice #fujairah #abudhabi #iran #shorts Created with geotasker.ai