Kuwait, Oman Cuts Push Oil to 18-Month High

The video discusses the OPEC agreement and its impact on oil production cuts, focusing on compliance by countries like Kuwait, Oman, and Saudi Arabia. Russia's role is highlighted as crucial, with expectations for significant production cuts. Iran's unique position in the agreement is explored, noting its limited capacity to increase production. The video also examines the supply-demand dynamics, emphasizing the potential for market rebalancing due to rising demand and OPEC's supply cuts.

What are the implications of Iran's production capacity on its compliance with the OPEC agreement?

How do supply and demand factors influence the oil market according to the text?