UAE Oil Production Is Down by Almost Half Amid Hormuz Closure

🇦🇪 Bloomberg (AE) —

AI Summary

UAE daily oil production has fallen by nearly half following the effective closure of the Strait of Hormuz, according to a person familiar with the matter. The disruption underscores the severe impact of the Hormuz closure on Gulf energy output and global commodity supply chains.

The United Arab Emirates’ ​daily oil output is down by almost half following the effective closure of the Strait of Hormuz, a person familiar with the matter said.

World Security Conflict Markets Commodities Energy Shipping UAE oil production Strait of Hormuz energy disruption Gulf region crude oil supply shock

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