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Apr 22, 2026
Iraq’s oil exports have collapsed by up to 80% due to the Hormuz disruption, creating a severe fiscal crisis for an oil-dependent economy.
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Apr 20, 2026
In a “perilous position,” the Platts Dubai benchmark, which used to price around 18 million barrels per day, nearly a fifth of global supply, is now severely strained by...
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Mar 30, 2026
The Middle East conflict disrupted global energy supply (≈8M bpd oil, 20% LNG), driving prices up and shaking markets, while benefiting Russia in the short term.
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Mar 17, 2026
The shutdown of the Strait of Hormuz has stranded about 15 million barrels/day of Gulf oil exports, giving Gulf Cooperation Council producers major leverage in the Middle East...
