# OPEC+ loses oil market sway in Iran war as China gains influence

https://mins.news/en/item/34031

- Reuters, 2026-08-27 07:10 UTC
- Economy
- Original: https://www.reuters.com/business/energy/opec-loses-oil-market-sway-iran-war-china-gains-influence-2026-08-27/?link_source=ta_bluesky_link&taid=6a8fe2d50602a6000171e893

> Six months into the Iran war, OPEC+, the world’s most powerful oil alliance, finds itself unable to influence a market it once helped shape, while China is gaining influence.

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