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OPEC+ is set to approve another oil output quota increase even as the U.S.-Iran conflict keeps the Strait of Hormuz disrupted, sources say. The hike will have little real supply effect until Gulf export routes reopen, but could amplify a price drop if a ceasefire restores Hormuz access.
Indian officials are internally benchmarking a potential Iran war oil shock against the Covid-19 disruption, warning normalization could take years even if conflict ends quickly. India's heavy crude import dependence makes it acutely vulnerable to prolonged Middle East supply dislocations. The concern extends beyond sp
Tag
OPEC+ is set to approve another oil output quota increase even as the U.S.-Iran conflict keeps the Strait of Hormuz disrupted, sources say. The hike will have little real supply effect until Gulf export routes reopen, but could amplify a price drop if a ceasefire restores Hormuz access.
1mo ago · 3 min · Global Affairs
Indian officials are internally benchmarking a potential Iran war oil shock against the Covid-19 disruption, warning normalization could take years even if conflict ends quickly. India's heavy crude import dependence makes it acutely vulnerable to prolonged Middle East supply dislocations. The concern extends beyond sp
2mo ago · 1 min · Global Affairs
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