other
Alliance of OPEC members and allied oil producers, including Russia, that coordinates crude output levels to influence global oil prices.
No evidence-backed relationships are recorded.
Fortune's morning check puts Brent at $99.27, about $32.60 above last September and $2.34 below yesterday. Crude is more than half the cost of a gallon, so that annual move implies over 24% on retail fuel.
Reality
Fortune priced Brent at $101.61 a barrel on Sept. 21, about $34.68 above a year earlier, for an implied base of $66.93. Crude is typically more than half the price of a gallon, and that is where the rise gets paid.
Reality
The September Oil Market Report puts world demand down 2.5 mb/d this year and supply back up 8 mb/d in 2027, an ending that looks loose while US diesel trades above $200 a barrel and Gulf diesel exports sit at a quarter of their pre-war rate.
Reality
Six months into a war that has been formally under ceasefire since June, the US says it struck Iranian oil tankers and Tehran's chief negotiator promises heavier retaliation, which changes what a charterer has to underwrite.
Reality
Two dollars under Oman/Dubai is a strange price for a corridor still running below normal. The September 6 OPEC+ meeting will show whether Riyadh was accommodating weak shipping or buying Asian share ahead of a 2027 capacity review.
Reality
Foreign Affairs dates the US and Israeli war on Iran to February 28. What has followed reads less like a single shock than a duty cycle at airports, refineries, desalination plants and ports.
Reality
Trump wants Iran tariffs folded into a Russia sanctions bill that already cleared the Senate 86-12. With Hormuz contested, $80 oil is the calm case, not the base case.
Reality