Gulf crude oil output fell 14.5 million bpd, a 57% drop from pre‑war levels, per Goldman Sachs analysis.
Goldman flags tanker capacity down ~50% (130 million barrels) and well‑flow constraints, delaying full recovery after Strait of Hormuz reopens.
Analyst Daan Struyven expects production to rebound within months, projecting 70% of lost output recovered in three months and 88% in six months.
Risks include renewed hostilities causing permanent scarring and forced curtailments requiring costly workovers and drill‑pipe procurement.