From CBC News.
Rory Johnston, founder of Commodity Context, sees the latest U.S. effort of ‘guiding’ ships through the Strait of Hormuz as an attempt to shift the dynamics of the conflict. Moreover, Johnston says the U.A.E.’s departure from OPEC ‘could be the beginning of a broader unravelling,’ though it also presents an opportunity for members to unify around ‘increasingly Saudi-directed policy.’
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