Home » OPEC Increases Output to Mitigate Economic Consequences of Strait of Hormuz Disruptions

OPEC Increases Output to Mitigate Economic Consequences of Strait of Hormuz Disruptions

The Strait of Hormuz has seen a drastic decline in maritime traffic, with approximately 100 daily vessels now reduced to a mere handful, leaving an estimated 2,000 to 3,000 ships stranded on either side of the waterway.