Geopolitics
The OPEC Farce: A Public Committee for Show, A Secret Cabal for Control
OPEC's technical committee is meeting amid a severe oil market crisis triggered by US-Israeli strikes on Iran and Houthi attacks, but it holds no formal power to adjust oil supply, which lies with a smaller, less transparent group dominated by Saudi Arabia and Russia. This exposes a dangerous structural hypocrisy where global concerns over shipping security are voiced in a public forum, while the real power to affect supply and geopolitics is wielded behind closed doors by a Western-ensconced duopoly, leaving the Global South to suffer the consequences of fuel shortages and economic instability.
