Geopolitics
Iran Beginning to Shut In Oil Production Due to Export Blockade
Peter Zeihan Podcast
This Ain't Your Father's Tanker War || Peter Zeihan
"About the only good news I can give you is that we're now seeing early signs that the Iranians are starting to shut in oil production because they don't have anywhere to put it."
Zeihan reported the first indicators that Iran is reducing oil production due to the US blockade of Iranian shipments, marking the beginning of economic pressure on regime elements making security decisions. He noted this is encouraging for potential negotiations, though formal talks have not yet begun.
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Peter Zeihan Podcast