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I know a lot of guys broke today because they believed that theory
Facts below
IRAN 🇮🇷
• Current production: Approximately 3.3 million bpd of crude oil (plus ~1.3 million bpd of condensate and other liquids), totaling around 4.6 million bpd in liquids. January 2026 figures show ~3.13 million bpd (down slightly from ~3.21 million bpd in December 2025).
VENEZUELA 🇻🇪
• January 2026: ~924,000 bpd (down from ~1.12 million bpd in December 2025).
Exports: Have rebounded significantly in recent months following eased U.S. sanctions and deals allowing increased sales (e.g., via trading houses like Vitol and Trafigura, and partners like Chevron). Exports reached ~800,000 bpd in January 2026 (up from ~500,000 bpd in December 2025). Recent large shipments (e.g., 2-million-barrel cargoes to India) indicate surging exports, with projections of billions in revenue (e.g., over $1 billion already and up to $5 billion in short-term agreements).
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