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News & analysis tagged OPEC — diplomacy, politics, and global affairs coverage from Model Diplomat.

The UAE's exit from OPEC sparks a price war among Gulf states, undermining the cartel's influence and market stability.
2026-07-09
Iraq's Prime Minister Ali al-Zaidi rules out OPEC exit, pushing for a higher output quota in the 2027 review amid shifting Gulf oil politics.
2026-07-09
Saudi Arabia's fifth production increase and Aramco price cut indicate a race for Asian oil market share amid fractured Gulf oil diplomacy.
2026-07-08
OPEC+ increases August oil output by 188,000 bpd, highlighting Gulf's fiscal challenges and shifting alliances post-Iran war.
2026-07-06
The Iran war caused a billion-barrel oil supply loss, reshaping Gulf diplomacy and breaking OPEC, with the UAE now independent and Saudi Arabia hedging.
2026-07-06
Iran's war is driving a structural shift in global energy markets, reshaping OPEC dynamics and boosting US exporters as buyers scramble for stable oil supplies.
2026-05-12
Trump's pressure campaign has fragmented OPEC, with the UAE's exit and Venezuela under US control, reshaping global oil dynamics.
2026-05-05