Tag
OPEC+ agreed to raise output targets by 188,000 barrels per day from August, pushing Brent crude down to $71.78 on Monday. Gulf exports are recovering but remain 40 percent below pre-war levels, with US-Iran diplomacy still the key price driver.
Iraq is sending hundreds of oil tanker trucks overland through Syria toward Europe as the Strait of Hormuz faces effective blockage. The route offers a land-based alternative to Gulf sea exports, though trucking at scale is costlier and slower than maritime shipping.
Tag
OPEC+ agreed to raise output targets by 188,000 barrels per day from August, pushing Brent crude down to $71.78 on Monday. Gulf exports are recovering but remain 40 percent below pre-war levels, with US-Iran diplomacy still the key price driver.
1mo ago · 3 min · Markets
Iraq is sending hundreds of oil tanker trucks overland through Syria toward Europe as the Strait of Hormuz faces effective blockage. The route offers a land-based alternative to Gulf sea exports, though trucking at scale is costlier and slower than maritime shipping.
3mo ago · 2 min · Global Affairs
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