While Hormuz Burns, OPEC Met and Did Nothing

OPEC met on May 3rd while the Strait of Hormuz stayed shut. Their answer to the worst oil supply crisis in decades? A symbolic 188,000 barrel-per-day production hike — about 0.2% of global supply. Meanwhile, 17 million barrels per day are trapped behind the closed strait. Saudi production has already collapsed 25%. Iraq, Kuwait, the UAE — all stuck. And two days before the meeting, the UAE quit OPEC outright, the biggest split in the cartel's 66-year history. The quotas are theater. Iran controls the strait. #geopolitics #oil #opec #hormuz #irancrisis #moneymaps Follow Money Maps for more geopolitics, mapped. #Shorts