ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস

OPEC output plunges to 37‑year low as US maritime blockade hits Iranian shipments

In May, OPEC’s combined oil production fell to its lowest level in 37 years. A Bloomberg industry survey found out that the critical output decline was triggered by a US maritime blockade of Iran and widespread logistic disruptions in the Persian Gulf. Output across the 11 current members of the organization dropped by 1.22 million barrels per day, to 16.33 million barrels per day. The survey no longer includes data for the United Arab Emirates, which officially left the cartel last month after six decades of membership.

The main blow fell on Iran, which accounted for about half of the cartel’s total decline. A full‑scale war by the US‑Israeli alliance against Tehran has effectively paralyzed shipping through the strategic Strait of Hormuz. As a result, Saudi Arabia, Iraq, Kuwait, and the departed UAE were forced to cut production urgently. The situation worsened after US Central Command imposed a total blockade of Iranian ports in mid‑April, redirecting 127 commercial vessels to shut maritime traffic. Iranian output plunged by 710,000 barrels per day to a five‑year low of 2.34 million barrels per day.

Kuwait recorded the second‑largest drop, with production falling by 310,000 barrels per day to just 490,000 barrels per day—less than one‑fifth of its pre-conflict level. OPEC leader Saudi Arabia cut output by 240,000 barrels per day to 6.57 million barrels per day. By contrast, UAE production rose by 300,000 barrels per day in May to 2.44 million barrels per day. Despite the physical decline in output caused by the war, OPEC+ continues to pursue a paper‑based restoration of quotas. Delegates expect a decision in a Sunday videoconference to raise target quotas by 188,000 barrels per day for July, with similar adjustments planned for August and September.

পিছনে