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strait-closure
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US Energy Information Administration / Wikimedia (Public domain)world87 days ago
Gulf Oil Production Shortfall Reaches Half a Billion Barrels This Year
Oil production in the Gulf region has fallen short by approximately 500 million barrels this year. If the Strait reopens on Monday, the total shortfall is estimated at 900 million barrels. Affected countries include Saudi Arabia, Iraq, Kuwait, UAE, Qatar, and Bahrain.
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