Crude oil output by the Organization of the Petroleum Exporting Countries (OPEC) dropped 7.3 million barrels per day in March compared with the previous month, a Reuters survey showed yesterday. The development illustrates the impact of forced export cuts because of the closure of the Strait. Before the war, the group’s production rose by 164...
•US missiles The US Department of Defence yesterday announced three agreements with defence contractors to boost the production of missiles and other components to replenish dwindling supplies used in the Middle East war. The extensive use of interceptor missiles by the United States, Israel and Gulf states to counter Iranian retaliatory attac...

