U.S. oil production has changed the global oil equation, says Again Capital's John Kilduff

Geopolitical Landscape & Energy Market Impact - US oil production has significantly altered the global energy equation [3] - Middle East countries, including Saudi Arabia, are diversifying their economies away from oil [4] - Iran's influence in the region has been diminished, with its proxies being weakened [5] - A shift is occurring where regional players are prioritizing economic prosperity through oil trade over ideological conflicts [7][9] Iranian Oil Sanctions & Trade - The US president has eased some sanctions on Iranian oil exports to China [7] - Increased Iranian oil exports to China could de-risk the Strait of Hormuz [8] - Trade talks and potential tariffs between the EU and other nations are bearish for oil prices due to potential economic drag [8][9] Transformation in the Middle East - The Middle East is undergoing a transformation, moving away from constant conflict [10] - The regional dynamics have changed significantly, with Israel being the strongest country [10]