Reuters: daily oil production from the United Arab Emirates down over 50%
Oil production in the UAE has fallen dramatically following the escalation of the conflict with Iran and the disruption of commercial shipping in the Strait of Hormuz
240 cargo ships stranded in the Strait of Hormuz, Chinese ship transits increase
36 have been successfully passed - Shipping crisis affects 4% of the world's dry cargo
U.S. Treasury Secretary: The U.S. allows Iranian tankers to pass through the Strait of Hormuz to maintain global supply
“Iranian oil tankers have already begun leaving the area and the United States is not interfering with their passage,” Scott Bessent stressed