Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share?

Source Summary

The four month Iran war severely disrupted global energy markets after Tehran restricted shipping through the Strait of Hormuz following U.S. and Israeli military strikes. At the height of the conflict, around 14 million barrels of oil per day were removed from global supply, triggering fears of a prolonged energy crisis and sending Brent crude [...] The post Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share? appeared first on Modern Diplomacy .