After threats by Iran to close the Strait of Hormuz, Saudi Arabia halts shipments through the Strait of Bab el-Mandeb, following attacks by the Houthis to two Saudi vessels. Is Iran behind it? and how Saudi Arabia will act in the long term?
On Friday 22 of June Opec agreed to increase production to keep prices under control.
The deal preserved the unity of the group and reassured the market, but it is vague and it does not clarify who is going to pump more oil, and how much it will be.
The upcoming OPEC meeting of June 22 will be filled with tensions between those willing to incease output, and those who are not. The U.S. closely watching
Few weeks ago the U.S. Senate approved a sanction bill against Russia targeting its energy industry. Some European countries strongly protested, but the sanctions could bring to the surface latent tensions within the EU
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