Oil production of Gulf countries
The crisis in the Strait of Hormuz significantly reduced oil production in Gulf countries. According to the International Energy Agency’s Oil Market Report, the Gulf region’s total oil production has fallen by 14.4 million barrels per day since the start of the war, marking a 45% decline, and stood at 17.6 million barrels per day in April.Mehmet Yaren Bozgun
14 May 2026•Update: 14 May 2026
