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Hormuz closure cuts OPEC oil production by 30% and threatens demand growth this year, cartel says
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
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upi.com
Hormuz disruption sends shock through oil and food supply chains - UPI.com
Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, according to media reports.
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oilprice.com
Reuters Survey Shows OPEC Oil Output At 26-Year Low Amid Iran War | OilPrice.com
OPEC oil output has declined to its lowest level since 2000, with production falling by 830,000 barrels per day (bpd) to an average of 20.04 million bpd in April
