Michael Fortune
01 March 2026
Today, we dive into the heart of a critical question in global geopolitics: What does Iran's vast oil reserve mean for the world? As of 2024, Iran boasts around 208 billion barrels of proven oil reserves, making it the third-largest holder globally. To put that into perspective, this accounts for roughly 12% of the world’s total oil reserves—an asset that not only fuels its economy but also sets the stage for international power plays. In recent years, especially by November 2025, Iran ramped up its oil production to about 3.5 million barrels per day. This increase, especially in the shadow of continuing sanctions, demonstrates Iran's determination to leverage its oil assets. So, what happens when a nation feels cornered by external pressures, like sanctions? Well, that brings us to the Strait of Hormuz. Become a supporter of this podcast: https://www.spreaker.com/podcast/conspiracy-theories-exploring-the-unseen--5194379/support.
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