Energy and financial market analysts have shared their perspectives on X in recent hours, highlighting not only immediate risks but also medium-term projections, including persistent inflation, a stronger U.S. dollar, and asymmetrical benefits for producers such as the United States and OPEC+ countries.
A focal point of international tensions, Iran holds the world’s third-largest proven oil reserves, estimated at about 208 billion to 209 billion barrels at the end of 2024, accounting for roughly 12% of global reserves and 24% of those in the Middle East
The Strait of Hormuz is the world’s most critical maritime passage for oil and liquefied natural gas. About 20 million barrels per day of crude oil and equivalents pass through the waterway each day, representing roughly 20% of global petroleum liquids consumption and more than 25% of seaborne oil trade.
This video shows the extraction of extra-heavy crude, characteristic of Venezuela’s Orinoco Oil Belt. After this stage, the oil is processed using inputs supplied by Iran, then transported by pipeline and ultimately exported to China.
