Oil shock? How OPEC+ could soften the blow if the Middle East conflict hits supply.

Replacing lost barrels is not as simple as ‘flipping a switch’, one trader notes

Oil prices have climbed so far this week, with traders worried that Israel may decide to hit Iran’s oil infrastructure in retaliation to Tehran’s missile attack — but the market has a not-so-secret cushion that could help offset any loss of output.

“OPEC+ has 5.8 million bpd [barrels per day] spare capacity to compensate for Iran’s 1.7 million bpd of dis…