UAE exit from OPEC is more than policy shift — Iranian economist Molavi

The World Bank is warning that energy prices could rise by a further 24% this year as tensions around the Hormuz Strait continue and the UAE prepares to leave OPEC and OPEC+.
In this interview, Iranian economist, wealth manager and author Peyman Molavi explains how the Hormuz crisis, inflation, central bank policy, sanctions on Iran, and Abu Dhabi’s shift away from OPEC could affect global energy markets.
He also discusses whether Iran and the United States need to return to negotiations, why the UAE may be seeking more freedom over oil pricing and production, and what BlackRock’s interest in the UAE could signal about the region’s economic future.