The Iran War is in its ninth week, the Strait of Hormuz remains effectively shut, and crude has been trading well above $110.
For Abu Dhabi, the move has been a long time coming. The UAE joined OPEC in 1967, but tension with Saudi Arabia over production quotas has been building for years.
As my buddy used to say every time even the most minuscule thing went not as planned: never let a good crisis go to waste.
you friend being a of person means, I'm guessng.
I'm not 100% sure that lawyers qualify as "person" haha