Global Oil Markets

In the intricate machinery of the global economy, there are few single points of failure as dramatic as the Strait of Hormuz. While the world’s attention often drifts toward the shiny promise of energy transitions and the technological marvels of the 2026 shale boom, the hard physics of global trade remains tethered to a narrow…

The global oil market is currently witnessing its most significant structural shift since the 1973 oil embargo. As of early 2026, the burgeoning energy partnership between the United States and Venezuela is no longer a matter of speculative diplomacy, it is a market reality that is sending shockwaves through the headquarters of the Organization of…