Daybreak Europe Show Open: OPEC+ Abandons Meeting on Output

The transcript discusses the challenges faced during a virtual OPEC meeting in Abu Dhabi, where no agreement was reached, leading to concerns about oil supply and market stability. Despite the tight market, there is a consensus that a deal will eventually be made, calming fears of rising oil prices. However, the potential for the UAE to leave OPEC raises questions about future compliance and supply. The discussion also highlights deeper political tensions between Saudi Arabia and the UAE, which could impact asset prices and the broader political landscape in the Middle East.

Discuss the political tensions between Saudi Arabia and the UAE as mentioned in the text.

What does the text suggest about the future of asset prices dependent on Middle Eastern politics?