Episode Details

OPECs March oil production plummeted due to the Iran war and geopolitical tensions, causing global supply disruptions and price spikes. Despite OPECs assurance of a short-term issue, refiners worldwide are feeling the pinch. Looking ahead, OPEC predicts a 1.4 million barrel per day demand increase in 2026, primarily from China, India, and other Asian markets. However, the U.S.-Iran talks collapse and Trumps blockade on the Strait of Hormuz could further tighten supplies and drive up prices.

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