Guyana's Oil Windfall Deepens as Iran Conflict Boosts Prices, Exposes Strains at Home
Guyana, already the globe's fastest-growing economy, stands to gain materially from higher crude prices following the U.S.-Israeli war on Iran. Rapid offshore development led by an Exxon Mobil-led consortium has pushed production to over 900,000 barrels per day and quadrupled GDP since 2019. Rising oil revenues and the impending shift in profit-sha…