Politics Seep Into Oil as Diverging Goals Test Saudi-UAE Ties

  • Rift spills into public with implications for oil, influence
  • Spark was a Saudi-led OPEC+ production deal that UAE opposes
WATCH: Will oil prices keep rising?(Source: Bloomberg)
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Like many relationships, the one between Saudi Arabia and the United Arab Emirates had long rested on two simple principles for when disputes arose: deal with them behind closed doors or bite your tongue.

After the neighbors’ very public spat over future OPEC+ oil output, that’s now looking hopelessly old-fashioned and the consequences are rippling out from the Persian Gulf.