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US leverage Iran conflict to boost oil exports
The United States has become the world's largest oil exporter, surpassing Saudi Arabia and Russia, due to the decline in exports from these two countries as a result of the war with Iran, sanctions, and geopolitical events. U.S. exports reached about 10.5 million barrels per day in May, enhancing its dominance in energy markets and weakening OPEC's ability to control oil prices. This shift reflects the importance of American private companies in increasing production and leads to an expansion of Washington's economic and political influence.
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