🚨UAE LEAVING OPEC IS A LONG-TERM BULLISH SIGNAL But in the short term, it's bad for the markets. First of all, the UAE leaving OPEC won't result in any supply surge soon. This is due to the Hormuz blockade and infrastructure damage, which will take time to pump more supply. Another reason is the UAE breaking away will weaken the ability to coordinate supply, which will result in risk-averse buying. We have seen this with past Saudi-UAE rifts. And what will happen if the oil price stays higher for long? Inflation will spike, central banks will turn hawkish, and markets will dump. But this won't be for the long run. Once the US-Iran situation settles, the UAE could ramp up towards its 5M/day barrel of oil capacity. This could also push other countries to leave OPEC to maximize their oil output. This will pump the markets with huge supply, thus pushing the prices down. Oil prices being down means inflation will drop substantially. Spending will go up, and businesses will make more. This will pump the stock market and the crypto market to new highs. So, this move is bearish in the short term, but in the long term, it could begin another mega bull run.(Crypto Rover)