Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War

AI Briefing

• – Oil producers in the Arab Gulf have lost $15.1 billion in revenues since the start of the war.
• – De facto closure of the Strait of Hormuz has choked off millions of barrels per day of crude oil and refined petroleum products.
• – The closure has also affected 20% of the global LNG supply.