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OPEC+ loses oil market sway in Iran war as China gains influence
Source: reuters.com
Geopolitics & WarEnergy Markets & Prices
Six months into the Iran war, OPEC+ is described as unable to influence an oil market it previously helped shape. The article frames this as an unusual constraint on the group’s ability to manage supply and prices amid geopolitical disruption. Net effect: risk of continued volatility and diminished OPEC+ effectiveness in steering crude dynamics.
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