OPEC Warns of High Cost and Lengthy Time of Energy Infrastructure Repair, Will Impact Oil Supply

BlockBeats News, April 5th, according to Reuters, the OPEC+ committee expressed concerns during Sunday's meeting about energy assets being attacked during the US-Iran war, stating that the repair of the affected facilities is costly and time-consuming, thus impacting supply. The statement reads: "The Committee emphasizes the vital importance of ensuring the security of international maritime routes to guarantee the uninterrupted flow of energy. The Committee expresses concern over the attacks on energy infrastructure, as the recovery of the affected energy assets to full capacity is both costly and time-consuming, thus affecting overall supply capability."

According to PolyBeats monitoring, in the prediction market Polymarket, the probability of WTI crude oil closing above $130 in a single day in April has risen to 51%, and the probability of it exceeding $120 has reached 80%.