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One platform for global traditional assets
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๐ฆ๐ช United Arab Emirates withdraws from OPEC, ending a 59-year alliance
Announces official departure from OPEC and OPEC+ starting May 1, will increase production independently. Dissatisfaction with quota restrictions and the failure of Gulf collective defense are the main reasons.
The Iran war has permanently reshaped the global energy landscape.
๐ Oil prices immediately dropped by $1, but US-Iran nuclear talks remain deadlocked. If negotiations break down, Brent could surge to $150.