Saudi Arabia Starts Oil Output Cuts as Shut Hormuz Fills Storage
Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling up storage tanks, according to a person familiar with the matter.
By Salma El Wardany · Bloomberg Markets
Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling up storage tanks, according to a person familiar with the matter.