Starlink in Iraq: The Contract, the Country, and Musk's Technological Theology Direct Policy Foundation | August 22, 2026

Starlink in Iraq: The Contract, the Country, and Musk's Technological Theology Direct Policy Foundation | August 22, 2026

Starlink in Iraq: The Contract, the Country, and Musk's Technological Theology Direct Policy Foundation | August 22, 2026

  What’s Next for Oil Market?

{{title:chars:2}} Oil today doesn’t move according to the rules of a single, unified market. Instead, it operates within a fragmented economic and geopolitical landscape, one shaped by supplies that are hard to transport and refineries scrambling for costly alternatives. With Brent crude above $100, the market once again stands on the brink of a supply crunch. {{title:chars:2}}  

OPEC+ will keep gradually raising production, but this will have a limited effect as long as the crisis has shifted away from the wellhead and toward maritime corridors, shipping costs, and insurance premiums. As flows through the Strait of Hormuz decline, any attack on a tanker or port acts as a price multiplier across the global market.
{{title:chars:2}} The world’s attention isn’t just on oil hitting record prices, it’s on how long those prices stay elevated, and what that means for the global economy. A prolonged disruption could drain inventories through the third quarter. However, if exports resume and shipping routes stabilize, that deficit could flip into a surplus by the fourth quarter, triggering a sharp price drop.