Middle East oil output slashed by 11M bpd amid Strait of Hormuz blockade: EIA

Crypto Briefing - June 9, 2026

Middle East oil output slashed by 11M bpd amid Strait of Hormuz blockade: EIA

The blockade-induced oil output cut heightens global supply concerns, potentially driving crude prices to new highs and increasing market volatility. The post Middle East oil output slashed by 11M bpd amid Strait of Hormuz blockade: EIA appeared first on Cryp…

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