In a new commentary for OMFIF, BWC Member Udaibir Das argues that the UAE’s exit from OPEC is less about oil politics and more about a fundamental shift in how states value their own policy independence. Drawing on examples from the WTO’s paralysis to the rise of state-directed sovereign wealth funds, Das makes the case that coordination is no longer the default; sovereigns are selectively reclaiming room to maneuver, and more moves like the UAE’s should be expected across energy, tech, and finance.

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.