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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Oil prices fell sharply after reports of UAE mulling OPEC withdrawal

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Mar 2023 20:10
2 Min Read

The report published by The Wall Street Journal cited tensions among Gulf countries being the reason for this possible withdrawal - particularly with Saudi Arabia.

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Following the issue of a report by The Wall Street Journal that said the UAE is contemplating its withdrawal from the OPEC oil cartel, global oil prices have slumped at dramatic levels, with the price of May futures for Brent crude falling by 2.1% to $82.97 per barrel, and April futures for WTI falling by 2.25% to $76.4 as of 14:25 GMT. 

The report cited tensions among Gulf countries being the reason for this possible withdrawal - particularly with Saudi Arabia.

That is because the UAE has long called for an increase in the production of oil which has been constrained by its membership in the cartel, but the Saudis have declined the UAE's request. 

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The report further noted that a potential withdrawal would result in major downfalls for OPEC in global oil markets. 

The claims nonetheless remain mere rumors as the article cites anonymous Emirati officials. 

A few minutes ago, Bloomberg reported that the UAE has no plans to leave OPEC, resulting in a swift price recovery. 

Rollercoaster ride in Oil… first rumors began to circulate that the UAE was considering leaving OPEC and oil prices dropped dramatically and now strong ISM services with weaker prices and rumour denial led the bounce back up…. pic.twitter.com/j5w7hzkMEw

— IOTAF (@iotafmarkets) March 3, 2023

Read more: OPEC+ fails to produce required amount of oil under deal: IEA

  • OPEC
  • UAE
  • WTI
  • Brent crude oil

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