Opec loses grip on oil market as iran war shifts influence to china
Opec loses grip on oil market as iran war shifts influence to china
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Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Cautious read for Oil & Gas, Power — price/volume reaction may stay soft near-term.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- Oil & GasNegatively affected
- PowerNegatively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas, Power — Negative · Do not buy. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Cautious read for Oil & Gas, Power — price/volume reaction may stay soft near-term.
Full Story
Open on ProfitOpec loses grip on oil market as iran war shifts influence to china
Six months into the Iran war, OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, finds itself unable to influence an oil market it once helped shape, with its statements and policy decisions barely moving prices anymore.
The war has shut a major export route for Middle Eastern oil, damaged energy infrastructure across several OPEC countries, and eroded the alliance's market share along with its pricing power.
In its place, sharp cuts in Chinese crude imports have emerged as one of 2026's dominant market forces, helping balance oil supply amid what analysts describe as the worst-ever disruption to global crude flows.