Saudi-UAE Spat Is Not Over Despite OPEC+ Deal ...Middle East

The surprise resistance of the United Arab Emirates during the OPEC+ negotiations last month caught the oil market off guard, but the UAE-Saudi rift wasn’t much of a surprise to experts who have been following Middle East politics for years. For two weeks in early July, allies Saudi Arabia and the UAE held the oil market—and oil prices—hanging on their spat over how much oil Abu Dhabi and other members of OPEC+ could pump as the alliance starts unwinding the remaining 5.8 million barrels per day (bpd) cuts. While the disagreement…

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