OPEC+ to Hold Output Policy Unchanged as Oil War Reshapes Markets
🛢️ OPEC+ — Holding output steady when three Iranian tankers just sank is a choice. 📌 LOOK CLOSER: With Brent at $96 and US SPR at 1983 lows, OPEC+ freezing output means the cartel is letting the war do the price work for them. Saudi Arabia — simultaneously receiving US JDAMs and mediating for Tehran — gains on both sides. No relief valve opens for Europe facing winter rationing. Washington cannot pressure Riyadh to pump more without exposing the contradiction.
