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

May 13, 2026 - 12:40
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Energy: OPEC reports a 30% reduction in oil production due to the closure of the Hormuz Strait, which may impact demand growth for the year.
Global demand is being impacted as Iran's blockade of the Strait of Hormuz has severely restricted supply from the Persian Gulf. This disruption is creating significant challenges in the market. Stay informed! #GlobalEconomy #OilSupply

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