The Gulf Barrel

CREA puts the Iran war's added cost to global energy importers at $330 billion between March and August 2026, driven by Brent crude averaging $93 a barrel — 35% above pre-war forecasts — and steep LNG premiums; the European Union absorbed the largest regional share. The war continues, so the bill could grow. This is analysis, not advice.

Ovintiv is the only one of three U.S. shale operators testing 'soap' surfactant chemistry to publish an independently-verifiable production gain: 9% more oil versus untreated wells across roughly 400 Permian wells since 2019, per its Q2 2026 earnings call. Chevron and Diamondback report parallel programs, but Chevron's specific lift percentage could not be confirmed. Not advice.