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Gulf Oil Production Plummets 57% Due to Iran Conflict, Major Producers Severely Impacted

Oil output in the Gulf region has dropped by approximately 57%, equivalent to a 14.5 million barrels per day reduction, with Saudi Arabia, Iraq, UAE, and Iran among the hardest hit. Goldman Sachs warns that reopening the Strait of Hormuz to restore supply could take months amid ongoing disruptions.
Date: 25.04.2026  |  Source: FOR-EX.NEWS

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