The US has hoped to destroy OPEC since it was founded in 1960. This is about much, much more than Saudi Arabia.

 https://x.com/BenjaminNorton/status/2049178088093970644

Ben Norton

@BenjaminNorton

The US has hoped to destroy OPEC since it was founded in 1960. This is about much, much more than Saudi Arabia. OPEC was a platform that the Global South once used to reverse some of the constant flow of wealth to the West. The US empire has always tried to control the global oil market, but OPEC was a major obstacle standing in its way. Things started significantly changing in the 2010s, when the shale boom meant that the US became the #1 oil producer on Earth. The UAE is one of the most obedient US allies in the Persian Gulf. It already followed US orders and normalized with the Israeli colonial regime. It's not surprising to now see it sabotage OPEC. OPEC was a legacy of the Third World nationalism of the 1960s (like the Non-Aligned Movement). Its decay is a sign of the overall reactionary political decay in the world today, and the clear weakening of Global South unity.

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Financial Times

@FT

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8h

Breaking news: The United Arab Emirates has said it is leaving Opec, dealing a significant blow to the oil cartel and its de facto leader Saudi Arabia https://ft.trib.al/08BCZA3

3:25 AM · Apr 29, 2026

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