However, on 16 May, UAE Suhail Mohamed Al Mazrouei wrote on Social Network X, that the decision was made after a comprehensive evaluation of the future state's production policy and energy policies.

"Resolved entirely based on UAE's national interests, responsibility in the role of trusted power provider and commitment to maintain market stability", Mr Suhail Mohamed Al Mazrouei wrote.

He claims "This decision is not based on political consideration, nor is it reflected in the existence of any conflict between UAE and his partners". Their departure "is just strategic choice from long-term economic vision, energy development in industry and commitment to global energy security".

  • UAE Suhail Al Mazrouei energy minister stated at Abu Dhabi November 2019. Image: AFP*

Prior to the Middle East War, UAE produced more than 3 million barrels of oil per day, obeying OPEC+'s objectives. However, the subsequent conflict left their output only 1.8.1 million barrels a day. UAE aims to produce 4.9 million barrels next year.

In OPEC, UAE is the second most influential country, after Saudi Arab. According to Jorge León - analyst at Rystad Eergy, UAE is one of the rare waters of the oil coalition that has reserves large enough to impact oil prices and deal with supply shocks.

The price of crude world oil has increased nearly 60% since the conflict. At one point, the price went beyond $120 a barrel - at the highest four years. Currently, Brent per barrel is worth 111 dollars, and WTI deals at 107.

Operations caused the Hormuz Channel - the waterway of oil, the global gas was closed. The Middle East countries therefore have to find alternative transport routes. On 15 May, UAE said he was speeding up the construction of the new oil pipeline project called West - East, projecting next year's operation.

The new pipeline will help UAE avoid the Hormuz Channel, increasing oil export from Oman Bay Coast. This is the country's second pipeline, after Habshan-Fujairah, which can help them to increase their export capacity to double, reaching 3.6 million barrels per day.

**Shift Thutuk (in CNBC)