OPEC+ Flags Costly, Lengthy Repairs to Energy Infrastructure as Geopolitical Risks Rise

April 5 — Reuters reported that an OPEC+ committee meeting on Sunday raised concerns about potential attacks on energy assets amid heightened tensions involving the U.S., Israel and Iran. The committee said restoring damaged facilities can be expensive and time-consuming, which could weigh on supply. In its statement, the committee stressed the importance of safeguarding international maritime shipping routes to ensure uninterrupted energy flows. It also warned that strikes on energy infrastructure may reduce overall supply capacity because repairs and the return to full output often take significant time and capital. PolyBeats data showed that on the prediction market Polymarket, the implied probability of WTI crude settling above $130 a barrel by the end of April rose to 51%, while the probability of closing above $120 increased to 80%.