Energy: OPEC reports that the closure of the Hormuz Strait has reduced oil production by 30%, posing a threat to demand growth for the year.

May 13, 2026 - 12:25
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Energy: OPEC reports that the closure of the Hormuz Strait has reduced oil production by 30%, posing a threat to demand growth for the year.
The global demand is hitting a snag as Iran's blockade of the Strait of Hormuz has significantly restricted supply from the Persian Gulf. Keep an eye on the impact this could have on markets! #OilSupply #GlobalEconomy

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