So the impact on supply and demand for most OPEC partners and customers is as small as possible, with the highest negative impact for the Iran regime. Furthermore, OPEC has already agreed to lift quotas by exactly the amount that Iran exports, about 2 million barrels per day. And let me do a little more deep dive in terms of what, what this means. And this is a thread from Mead Balecki is a senior fellow at fdd, which is a fantastic think tank on the Middle East. (09:41–09:50)
CLAIM
Asserts that OPEC has agreed to lift quotas by 2 million barrels per day, matching Iran's exports.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
