Goldman: Gulf Crude Output Down 57%

Gulf crude oil production is estimated 14.5 million barrels per day lower, a 57% drop from pre‑war levels, per Goldman Sachs.
Empty tanker capacity in the Gulf has shrunk about 50% (≈130 million barrels) since the war began, limiting recovery.
Goldman expects only 70% of lost output recovered after three months and 88% after six months of Strait reopening, with risks if hostilities resume.
Analyst Daan Struyven says recovery depends on no new strikes and a safe Strait of Hormuz reopening, citing limited field damage and Saudi spare capacity.