Hormuz crisis cuts Gulf oil exports and pushes regional economic losses beyond $50 billion ◼️ Daily exports drop from 12.3 to 7.8 million barrels after Feb. 27

Hormuz crisis cuts Gulf oil exports and pushes regional economic losses beyond $50 billion ◼️ Daily exports drop from 12.3 to 7.8 million barrels after Feb. 27 disruption ◼️ Gulf countries lose $15.2 billion in oil revenue excluding LNG