How the Iran sanctions drama intersects with OPEC-plus

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Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are dark clouds.

  • Pepe Escobar
  • Asia Times

History may have registered stranger geoeconomic bedfellows.

Dexa 1aBut in the current OPEC-plus world, the rules of the game are now de facto controlled by OPEC powerhouse Saudi Arabia in concert with non-OPEC Russia.

Russia may even join OPEC as an associate member.

There’s a key…

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