Frictions between the UAE and Saudi Arabia have broken out into the open in the last few weeks. But even if the situation were to escalate, the near-term economic impact would probably be limited. If anything, the larger repercussions could be in the oil market. Although both the UAE and Saudi are currently aligned on plans to raise oil output, the diplomatic rift could make it harder for OPEC+ to put a floor under prices in the future.
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