8 Hrs
Source:
المصري اليوم
Are producers competing
The article discusses how the war against Iran and the Gulf is not just a regional conflict but part of an American-Israeli plan to disrupt the global oil market and diminish Saudi influence. The goal is to increase Washington's control over the oil industry and pushing oil prices above one hundred dollars per barrel, thereby yielding significant profits for American oil companies with high production costs. It also clarifies that the true objective is to support American shale oil producers, despite their high costs, by raising prices and applying pressure on Gulf countries to cut production, all in order to maintain American dominance in the oil market.
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