Iran war tilts balance of global oil power towards Americas - Financial Times
Iran war tilts balance of global oil power towards Americas - Financial Times
Source: Financial Times
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DW NOTE
The Strait of Hormuz has been shut for two days and Iran is already losing the structural war. When 20% of global oil transit closes, the market doesn't panic — it restructures. US shale can add 2 million barrels per day within six months without drilling a single speculative well; Venezuela and Guyana combined are running 400,000 bpd above 2025 levels. The Gulf states built this system assuming the customer had no alternative. The customer now has three.