Iran war tilts balance of global oil power towards Americas
Countries from Canada to Argentina have seen surge in investment and production as buyers rush to replace supply lost to Hormuz disruption
Source: Financial Times
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DW NOTE
The Strait of Hormuz has been effectively closed for a month. Western hemisphere producers don't need investment incentives to pump more — they need the physical infrastructure to replace 21 million barrels a day, and no amount of capital deployed in Q4 2026 will conjure that capacity before mid-2028.