Energy: OPEC reports a 30% reduction in oil production due to the closure of the Hormuz Strait, impacting demand growth for the year.

May 13, 2026 - 12:50
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Energy: OPEC reports a 30% reduction in oil production due to the closure of the Hormuz Strait, impacting demand growth for the year.
Global demand is hitting roadblocks as Iran's blockade of the Strait of Hormuz disrupts supply from the Persian Gulf. This situation could have significant implications for markets worldwide. Stay tuned for updates! #GlobalTrade #EnergySupply

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