BUSINESSglobal
Crude-Laden Tankers Build in Hormuz as Production Cuts Loom
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Updated 2 hours ago
First seen March 18, 2026 07:00:38Stay on top of this story
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Quick Summary
Tensions in the Gulf have been escalating for nearly two weeks, culminating most recently in U.S. strikes on military targets on Kharg Island, Iran’s primary crude export terminal. In parallel with disruptions to export flows, Gulf producers have announced production curtailments of approximately 10 million barrels per day, equivalent to around 5 VLCC cargoes per ...