Production increase achieved ☑️
An increase of 200,000 barrels per day is considered a moderate production hike.
It's also higher than expected.
The next thing to watch for is the reopening of the Strait of Hormuz.
Not sure how long it will take.
From the current war situation, Iran is indiscriminately attacking surrounding countries,
in a way that inflicts 800 casualties on the enemy while suffering 1000 themselves.
The Strait of Hormuz is blocked.
Iran's own oil can't get out either.
War costs money.
Their income relies on oil sales, and domestic politics are divided.
From this perspective, Iran can't hold out for much longer.
Continue to observe.
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