B – Who Profits from the Gulf War?
The IEA Oil Market Report of May 2026 reads like a sober data document - yet between the numbers, a new global oil order becomes visible. The closure of the Strait of Hormuz has not only driven prices to historic highs, but also shifted trade flows, created winners, and exposed strategic dependencies. While Asia comes under supply pressure, the United States, Brazil, Venezuela, and the UAE emerge as beneficiaries of a new Atlantic Basin rotation. What appears to be a crisis in the Gulf may in fact mark a strategic redistribution of the global energy system.