Pepe Escobar — How The Iran Sanctions Drama Intersects Amongst Opec-Plus

The bottom job is that despite the understanding inwards Vienna, the toll of oil, inwards the short-term, is saltation to become up. Analyses past times BNP Paribas, amidst others, are adamant that furnish problems amongst Venezuela too Libya, addition the proverbial “uncertainty” virtually the sanctions on Iran, Pb to “oil fundamentals still…favorable for crude prices to rising over the side past times side vi months despite the OPEC+ decision.”...

Take-away.

Considering that inwards realpolitik terms Riyadh precisely is non allowed whatever “decision” inwards crude policy without clearing it kickoff amongst the US, what remains to hold upwards seen is how Washington volition react to the new, long-term Riyadh-Moscow entente cordiale. As far every bit crude geopolitics goes, this is inwards fact the major game-changer....

The OPEC-plus-Iran puzzle is far from solved. Only 1 matter is certain; the time to come spells out brutal, covert resources wars.

Asia Times
How the Islamic Republic of Iran sanctions drama intersects amongst OPEC-plus

Pepe Escobar