11–20 of 750 posts
My guess is that is this because UAE has ports on the other side of Hormuz and doesn't want to be restricted in their usage by OPEC? Does this mean UAE thinks Hormuz will be a problem for a long time? And what does it mean for oil prices long term?
My guess is that is this because UAE has ports on the other side of Hormuz and doesn't want to be restricted in their usage by OPEC? Does this mean UAE thinks Hormuz will be a problem for a long time? And what does it mean for oil prices long term?
They represent 4.5% of oil production it seems. It will be interesting to see what this means longterm.
Probably not much unless others follow suite.
Is this as a function of the Iranian war?
I think they just want to pump as much as they possibly can to cash out now while they can. The writing is on the wall for fossil fuels. Even _they_ are doubling down on solar power and switching away from fossil fuel. https://en.wikipedia.org/wiki/Solar_power_in_the_United_Arab...
My guess is that is this because UAE has ports on the other side of Hormuz and doesn't want to be restricted in their usage by OPEC? Does this mean UAE thinks Hormuz will be a problem for a long time? And what does it mean for oil prices long term?
Is this as a function of the Iranian war?
Is this as a function of the Iranian war?
I think they just want to pump as much as they possibly can to cash out now while they can. The writing is on the wall for fossil fuels. Even _they_ are doubling down on solar power and switching away from fossil fuel. https://en.wikipedia.org/wiki/Solar_power_in_the_United_Arab...
My guess is that is this because UAE has ports on the other side of Hormuz and doesn't want to be restricted in their usage by OPEC? Does this mean UAE thinks Hormuz will be a problem for a long time? And what does it mean for oil prices long term?
Hormuz will be a problem for a long time. No one needs insider info to know that. The clowns in charge of our side of the war have made zero progress toward a resolution, and I don't know what will change. My fear is that this will continue for months and then the desperate US will start bombing cities.
My guess is that is this because UAE has ports on the other side of Hormuz and doesn't want to be restricted in their usage by OPEC? Does this mean UAE thinks Hormuz will be a problem for a long time? And what does it mean for oil prices long term?
(1) “The United Arab Emirates,” today “made a shock request of [Pakistan] — repay $3.5bn immediately” [1].
(2) Saudi-Emirati relations were at an all-time low before the Iran War [2]. (Saudi Arabia just bailed Pakistan out of its Emirati loan. Saudi Arabia and Pakistan agreed a mutual-defence treaty last year [3].)
Put together, we’re seeing an Emirati-Israeli axis emerging to balance Saudi hegemony in the Gulf and Iranian hegemony over the Persian Gulf. I’d expect to see an Emirati deal with Egypt and India next if this hypothesis is correct.
What I don’t yet see is the ambition of the endgame. Is it Saudi Arabia backing off in Africa? Or is it seizing the Musandam Peninsula, islands of the Strait and possibly even territory on the other side?
[1] https://www.ft.com/content/99073d6e-4b57-417f-88fb-7a2c0e55e...
[2] https://www.nytimes.com/2025/12/30/world/middleeast/yemen-sa...
[3] https://en.wikipedia.org/wiki/Strategic_Mutual_Defence_Agree...