#oil-production-shutdown

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#strait-of-hormuz-closure #irreversible-well-damage #global-energy-supply #opec-production-management
World news
fromFortune
1 week ago

Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices | Fortune

Gulf energy producers are shutting down oil and gas production due to Strait of Hormuz closure from Iran conflict, risking permanent well damage and long-term supply reduction.
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