Lates News

date
16/06/2025
Chad Brown, Managing Principal of consulting firm Energy Aspects, said, "Given that Israel has already crossed the threshold in the market, questioning whether it will further strike Iran's energy infrastructure, it seems we are falling into a vicious cycle of escalating conflict." Helima Croft, Global Head of Commodity Strategy at the Royal Bank of Canada Capital Markets and former CIA analyst, said, "If there is a supply disruption, Trump is likely to ask the Saudi-led OPEC+ coalition to use its substantial spare capacity." Iran currently produces around 3.4 million barrels per day, and it remains uncertain whether OPEC will be able to make up for its long-term large-scale stoppage. This in itself may make the energy facilities of Saudi Arabia and the UAE targets. Clay Seigle, Senior Fellow at the Washington Institute for Strategic and International Studies, analyzed, "Although OPEC can use spare capacity to replace Iranian oil, Saudi Arabia and the UAE will face significant political risks in profiting from this situation."