The United Arab Emirates has announced it will leave OPEC, The Organization of the Petroleum Exporting Countries that includes Saudi Arabia, Iraq, Kuwait — and Iran. It also plans to exit OPEC+, the broader alliance that counts Russia among its members.

David Levitz speaks to Justin Dargin, senior fellow at the Middle East Council on Global Affairs, a Qatar-based think tank, about the political tensions and rivalries behind the move and the possible fallout for global oil markets.