Energy

OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won’t help lower prices. - MarketWatch

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DW NOTE

OPEC+ production increases mean nothing when Iran's facilities are potential targets. The cartel can raise quotas all it wants — the market prices war risk, not Saudi spare capacity. If strikes hit Iranian export terminals, global supply drops regardless of what Riyadh promises to pump.

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For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

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