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News Wire / conflict

Iran Oil Supply Threat Could Trigger US Recession

breaking GDELT 10d10d Impact 8

Russian forces conducted strikes targeting Ukrainian facilities used for the production of cruise missiles. Seven key OPEC+ participants have collectively increased oil production, according to reports from Moscow. The seven participating countries include Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Azerbaijan, and Oman. This production increase is described as symbolic due to ongoing conflicts in West Asia and the potential for the Strait of Hormuz to be closed. This surge in exports occurs as tankers divert toward the US and Venezuela due to potential supply disruptions in the Strait of Hormuz. The report notes that while the US is not a primary combatant in Middle Eastern conflicts, it continues to benefit from oil export privileges. The data highlights a shift in global oil flows amid Middle East tensions.

Russian forces conducted strikes targeting Ukrainian facilities used for the production of cruise missiles. Seven key OPEC+ participants have collectively increased oil production, according to reports from Moscow. The seven participating countries include Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Azerbaijan, and Oman. This production increase is described as symbolic due to ongoing conflicts in West Asia and the potential for the Strait of Hormuz to be closed. This surge in exports occurs as tankers divert toward the US and Venezuela due to potential supply disruptions in the Strait of Hormuz. The report notes that while the US is not a primary combatant in Middle Eastern conflicts, it continues to benefit from oil export privileges. The data highlights a shift in global oil flows amid Middle East tensions. April exports averaged 5.2 million barrels per day according to Kpler data. Transport through the Red Sea route is assessed to be in a stabilization phase. Yang Ki-wook, head of the Industrial Resources and Security Office at the Ministry of Trade, Industry and Energy, stated that operations in the Red Sea are currently stable. A disruption of 20% of the global oil supply by Iran could threaten the United States with a recession and cause political backlash within the president's party. The impact would also affect global economic dependence on sea routes around Taiwan.

Topics

missile production warfare

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Sources · 7 independent

GDELT

“ВС России нанесли удары по украинскому производству крылатых ракет ВС России поразили цеха производства оперативно - тактических ракет ВСУ”

CRI News Radio

“俄可随时结束军事行动,拖延将导致乌防务行动扩大。目前,俄罗斯方面对此尚无回应。”

CRI News Radio

“俄可随时结束军事行动,拖延将导致乌防务行动扩大。”

CRI News Radio

“俄可随时结束军事行动,拖延将导致乌防务行动扩大。目前,俄罗斯方面对此尚无回应。时由叙鲁国组织欧佩克3日发表声明说,7个欧佩克加主要产油国决定,6月份日军增产原油18.8万吨。”

CRI Huayu Global

“俄罗斯对乌克兰的巡航导弹生产设施进行了打击”

CRI Huayu Global

“Russia Strikes Ukrainian Cruise Missile Production”

CRI News Radio

“Russia Strikes Ukrainian Cruise Missile Production”

CRI Huayu Global

“从加拿大回来。从加拿大回来。每次啊?是从去麦克马斯特大学。然后从奥塔瓦起飞。飞北京的航班。然后是一个印度的大妈。特别的胖。他们是觉得说不说话了。怎么特别睡着。特别睡着。”

Radio Mayak

“Russia has struck facilities involved in Ukrainian cruise missile production.”

Radio Free Europe/Radio Liberty

“Russia stated it conducted strikes on Ukrainian cruise missile production facilities.”

CNR Voice of China

“Russia has conducted strikes targeting Ukrainian cruise missile production facilities.”

CRI News Radio

“俄罗斯方面对此尚无回应。”

CRI Huayu Global

“俄罗斯袭击了乌克兰的巡航导弹生产设施。”

Tokyo FM

“Russia Strikes Ukrainian Cruise Missile Production”

CRI News Radio

“时由叙鲁国组织欧佩克3日发表声明说,7个欧佩克加主要产油国决定,6月份日军增产原油18.8万吨。这是欧佩克加在奥运会正式退出后的首次决策,也是其连续第三个月宣布增产。”

CRI Huayu Global

“华语环球广播,中国不远。”

CRI News Radio

“七个欧佩克加主要产油国决定,6月份日军增产原油18.8万吨。”

CRI News Radio

“7个欧佩克加主要产油国决定,6月份日军增产原油18.8万吨。这是欧佩克加在奥运会正式退出后的首次决策,也是其连续第三个月宣布增产。”

Baywave FM Japan

“傷つけられたこと、それでも前を向いてください。そこから過去の心の隙間、太陽が差してくるでしょう。何も見えない、何も感じない、そんなことは”

Tokyo FM

“OPEC+ Agrees To Increase Oil Production”

CNR Voice of China

“双碳减排,所以新能源作为一个国家战略,煤炭在其中,我觉得未来越来越成为主流,因为未来的清洁能源,不管是光能,风能,水能,其中风能是站在很大的一个坑,包括光伏,实际上,无论是风能还是光伏,它都要用到很多的煤炭,所以这块,我觉得清洁能源一定是未来主流,不仅是 做得更好。”

CRI Huayu Global

“OPEC+ has agreed to increase oil production.”

CNR Economic Voice

“OPEC+ Agrees To Increase Oil Production”

Bloomberg Radio

“symbolic oil increase in their June production, adding 188,000 barrels a day next month. That hike was expected by delegates before the UAE's shocking exit.”

Baywave FM Japan

“OPEC Members Formally Agree To Increase Production”

Reuters

“OPEC members formally agree to increase production.”

CNR Voice of China

“OPEC+ Agrees To Increase Oil Production”

CRI Huayu Global

“OPEC+ To Increase Oil Production In June”

CNR Voice of China

“欧佩克+同意增加石油产量。”

CNR Economic Voice

“OPEC+ has reached an agreement to increase oil production.”

Baywave FM Japan

“OPEC+ Agrees To Increase Oil Production”

Business FM Russia

“в сутки, соответственно, следуют из каменике ОПЕК+. Коллективно семь ключевых участников увеличили...”

CNR Voice of China

“OPEC+成员国增加石油产量”

Business FM Russia

“Коллективно семь ключевых участников увеличили...”

AIR News 24x7

“ओपेक प्लस के साथ देशों ने अगले महीने तेल उत्पादन लक्षिक को लगभग 1,88,000 बैरल प्रति दिन बढ़ाने पर सहमती जताई है। यह व्रिधि विलाहल प्रतिकात्मक है क्योंकि होर्मुस जलडमरू मध्य के बंद होने और पश्चिम एशिया में जारी संघर्षों के कारण।”

YTN Radio

“미국의 경제 방송인 CNBC는 에너지 데이터 회사 Kpler의 자료를 활용해 4월 미국 원유 수출량이 하루 평균 520만 바르일을 기록했습니다.”

YTN Radio

“Kpler의 자료를 활용해 4월 미국 원유 수출량이 하루 평균 520만 바르일을 기록했습니다.”

YTN Radio

“Kpler의 자료를 활용해 4월 미국 원유 수출량이 하루 평균 520만 바르일을 기록했습니다. 홍해 경로를 통해 운송이 안정화 단계에 있는 것으로 평가되었습니다.”

WBUR Boston

“if Iran took 20% of global oil supply offline, and just that threatened the United States with a recession and prompted a bitter political backlash”

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