Gulf Crude Output Falls 57% Pre‑War

Gulf crude oil output fell 57% (≈14.5 m bpd) from pre‑war levels, according to Goldman Sachs analysis.
Empty tanker capacity in the Gulf dropped about 50% (≈130 m barrels) since the war began, constraining recovery.
Goldman projects recovery to 70% of lost output after three months and 88% after six months post‑reopening, with scarring risk if hostilities resume.
Recovery depends on a safe Strait of Hormuz reopening, no new strikes, and spare capacity from Saudi Arabia and the UAE.