Commentary 15 May 2026 5 minute read May 7, 2026, New York, New York, USA: A reporter recording as Ambassador Michael Waltz of USA speaks at joint press briefing with Ambassador Jamal Fares Alrowaiei of Bahrain at UN Headquarters in New Image by picture alliance / ZUMAPRESS.com | Lev Radin The United Arab Emirates’ decision to quit the Organisation of the Petroleum Exporting Countries (OPEC) is the latest expression of a strategic shift accelerated by the Iran war.