Cost of Gulf conflict tops $2B daily as Hormuz disruption slashes energy exports ⤵️ • Gulf oil exports drop nearly 60% as Strait of Hormuz disruption triggers

Cost of Gulf conflict tops $2B daily as Hormuz disruption slashes energy exports ⤵️ • Gulf oil exports drop nearly 60% as Strait of Hormuz disruption triggers one of the largest supply shocks in recent history • The estimated disruption of around 15 million bpd is being described as one of the largest oil supply shocks in recent history 🔗