Geopolitical Review September 2026

In September 2026, geopolitical tensions intensified, notably between the UK and Israel amid trade bans related to West Bank settlements, while US troops withdrew from Iraq, raising concerns over Iranian influence. Meanwhile, Trump's agreement with Venezuela to access its oil reserves aims for production increases to 2 Mn bpd by 2030, supported by significant investments from Chevron and ENI. On the Falklands front, Argentina's presidential push for sovereignty is linked to the exploitation of the Sea Lion oil field, potentially producing 50,000 bpd, which has implications for non-Gulf oil supply amid ongoing Middle Eastern tensions.