Energy
Middle East oil production plunges due to Iran war, OPEC data shows
Key Points
- Oil production has dropped sharply in Saudi Arabia, Iraq, the United Arab Emirates and Kuwait due to the Iran war, according to OPEC’s monthly report.
- Production in Iran, meanwhile, has edged slightly lower.
- Oil executives and analysts have warned that it will take months for the Gulf Arab states to restore production to pre-war levels.
