Saudi Oil Output Hits 1990 Low as US–Iran War Chokes Gulf Flows

Saudi Arabia’s oil output has slumped to its lowest level in more than three decades, as the widening US–Iran war chokes energy flows across the Middle East. In August, the kingdom produced just 6.24 million barrels of crude a day, down sharply from 8.1 million in July and the weakest monthly figure since 1990, according […]