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Arzu ALVAN

Economy Blog, Academic Perspective

Tag: opec

When OPEC Breaks: The UAE’s Exit and the Unraveling of the Petrodollar Pact

A System Built on Confidence. Confidence Is Fading. May 1, 2026 arrived quietly. No alarms. No headlines in the morning screaming that something fundamental had shifted. But on that date, the United Arab Emirates officially left OPEC and OPEC+, ending nearly 60 years of membership in a cartel that had quietly shaped global power and money since the 1970s. This…

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