UAE Halts Half of Oil Output as Hormuz Remains Closed
UAE oil output fell by over half as the Strait of Hormuz closure forced ADNOC to shut in wells. Drone attacks on Fujairah further disrupted loading operations.
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The United Arab Emirates has experienced a collapse in crude oil production, with daily output falling by more than half as regional tensions involving Iran lead to the effective closure of the Strait of Hormuz. State energy giant ADNOC has been forced to implement extensive production shut-ins across its network, impacting both onshore and offshore operations. This maritime chokepoint is vital for global energy security, typically handling one-fifth of the world's oil supply, and its disruption is significantly impacting the pricing and availability of Brent Crude Oil.
