Iran War May Ignite Middle East Market Share Race, But Not Yet

When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart.

Source OilPrice AI Summary Updated 2h 08m ago

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When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Iran was a done deal in the eyes of oil traders, and the race for market share was on. Then the missiles started flying again, the U.S. president said the ceasef…

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