Gulf Oil Output Down 57% Amid Iran Conflict, Goldman Sees Months-Long Recovery

Gulf oil production has taken a severe hit from the ongoing Iran conflict, with Goldman Sachs estimating that 14.5 million barrels per day—roughly 57% of pre-war supply—remained offline as of April. The disruption, centered on the Strait of Hormuz, a critical chokepoint for a fifth of global oil flows, has sparked concerns over sustained pressure […] The post Gulf Oil Output Down 57% Amid Iran Conflict, Goldman Sees Months-Long Recovery appeared first on the deep dive.