US blockade pressures Iran’s oil exports, but Tehran’s endurance and Hormuz counter-threats turn the crisis into a mutual attrition contest.
Browsing: Oil
UAE quits OPEC after 58 years over Saudi dominance, Yemen rift, and Iran war. Cartel weakened but not broken.
UAE quits OPEC over Saudi tensions and Iran war, freeing itself to pump more oil for strategic gain.
Hormuz is an economic nuclear option. Iran holds it open to force a deal as US inflation mounts and Trump scrambles.
LNG won’t replace oil. Dual order emerges: oil shocks, gas manages. Europe pivots, Asia competes. Gas joins the weaponization arsenal.
Pre-war data showed global resilience. Iran war now threatens inflation spikes, energy shocks, and fiscal strain for import-dependent economies.
UAE warns it may use yuan for oil if dollar access fails. Not financial distress—political leverage after absorbing Iranian missile barrages.
Hormuz closure shifts China-Gulf ties from oil trade to energy security community. FTA now a strategic necessity, not an option.
Eleven of 13 major economies are more energy-vulnerable than a decade ago. COVID lessons on supply chain security went unlearned.
US exercises entrench Haftar’s family dynasty in Libya. Washington risks replacing Gaddafi with another military strongman model.