🚨 BREAKING:

Saudi Arabia has reportedly cut its oil production by around 2 million barrels per day, bringing total output close to 8 million bpd.

The move comes after shutdowns and disruptions at major offshore fields as tensions around the Strait of Hormuz continue to affect energy flows in the region.

Reduced tanker traffic and rising security risks are making exports more difficult, forcing Gulf producers to slow output and manage storage levels. 

If the situation continues, tighter supply could increase pressure on global oil prices and energy markets.