Reported 4 days ago
OPEC+ has sufficient spare oil capacity to offset a complete loss of Iranian oil supply due to escalating tensions with Israel. However, the group may face challenges if Iran retaliates against Gulf neighbors. While current production cuts provide a buffer, any increase in conflict impacting regional energy infrastructure could strain resources and lead to rising oil prices, which would have broader implications for global markets and the upcoming U.S. election.
Source: YAHOO