The United Arab Emirates’ decision to withdraw from OPEC did more than deliver a shock to the cartel that has long ruled the global oil market. It also rang the opening bell for the new geopolitical order that the war with Iran is ushering in across the Middle East. The new alignment is redrawing political fault lines between the Arab world and Israel that defined the region for decades. Instead, the U.A.E.—the financial nerve center of the Gulf and a potent military power—is strengthening security cooperation with Israel as both states work to change the region’s strategic balance through force…
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