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The war in the Middle East reduces oil production by 6.7 million barrels per day and warnings of catastrophic consequences

March 10, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
The war in the Middle East reduces oil production by 6.7 million barrels per day and warnings of catastrophic consequences

Oil production cuts in the Middle East are widening as the vital Strait of Hormuz remains nearly shut down, increasing chaos in energy markets, amid warnings from major producers of catastrophic consequences. The war in the Middle East, which has entered its second week, and the effective closure of the main export route, along with the resulting filling of storage facilities, have led major producers to cut oil production.

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