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Opec slump points to lasting oil crisis

Summary by UnHerd
Even if the Iran war ends today, and the blockade of the Strait of Hormuz is lifted, the damage to global oil and gas markets will be lasting. Opec reported this week that its members produced 27% less oil in March than in the previous month, from 28.8 million barrels per day down to 20.8 [...]Read More...

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Opec slump points to lasting oil crisis

Even if the Iran war ends today, and the blockade of the Strait of Hormuz is lifted, the damage to global oil and gas markets will be lasting. Opec reported this week that its members produced 27% less oil in March than in the previous month, from 28.8 million barrels per day down to 20.8 [...]Read More...

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UnHerd broke the news in on Thursday, April 16, 2026.
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