Persian Gulf States Cut Oil Production by 10Mln Bpd Due to Hormuz Strait Closure – IEA Report
did:plc:yhmwewfk3g3hhkrw2gf4ypna
March 12, 2026
The Persian Gulf countries have reduced oil production by at least 10 million barrels per day due to the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in a fresh report on Thursday.
Discussion in the ATmosphere