Where Iran Stands — and Why Oil Could Hit $120/Barrel 4 ✍️ Nupital Magazine | Energy, Wealth & Geopolitics Beneath the headlines of the ongoing geopolitical tensions, one truth remains constant: oil is both abundant underground and fragile above it. The global economy still runs on crude—and the countries controlling it shape markets, currencies, and power itself. As tensions rise around the Strait of Hormuz, investors and policymakers are closely watching who holds the oil—and who can actually produce it. 🛢️ Top 20 Countries by Proven Oil Reserves (2026) Based on latest global estimates: 👉 Iran ranks #3 globally, holding…