From DW News.

Oil prices briefly touched their highest point since March 2022 on Thursday. A day earlier, the UAE announced it will leave OPEC, the group of oil exporting nations. And Iran continues its chokehold on transit through the Strait of Hormuz, affecting the price of everything from oil to daily necessities. The Iran War is changing how oil is exported and consumed around the world. Old assumptions are collapsing, exporters are changing strategy and importers, diversifying. Energy expert Christof Rühl helps us make sense of how this affects you.

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