OPEC Boost Oil Output: Hormuz Strait Reopening Key
A single chokepoint controls nearly 20% of the world’s oil supply. The Strait of Hormuz, perpetually simmering with geopolitical risk, recently triggered a cautious response from OPEC+: a commitment to increase output… if the waterway fully reopens. But focusing solely on this immediate reaction misses the larger, accelerating trend: the world is actively building a … Read more