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US exploitation of Iran war boosts oil exports
The United States has become the world's largest oil exporter, surpassing Saudi Arabia and Russia, as a result of disruptions to exports from these two countries caused by the war with Iran, sanctions, and other geopolitical events. In May, its exports reached approximately 10.5 million barrels per day, while Saudi Arabia and Russia saw declines compared to their previous levels. This has bolstered American companies' dominance in global energy markets. This American superiority threatens OPEC's influence and enhances the United States' strength in the global oil market.
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