Hormuz squeeze becomes Americas’ oil bonanza
The war in Iran is driving a boom in oil and gas production and exports across the Americas, as buyers rush to secure dependable supply amid growing expectations that disruption in the Middle East could last.
October 20, 2026 (MLN): The war in Iran is driving a boom in oil and gas production and exports across the Americas, as buyers rush to secure dependable supply amid growing expectations that disruption in the Middle East could last. Total crude output in North and South America is on course to rise 10% over the two years ending December 2026, according to Rystad Energy, with Canada and Brazil already setting product...