FT: Gulf oil-producing countries have lost approximately $15.1 billion in energy revenue, and the Strait of Hormuz is virtually shut down.

According to a report by the Financial Times on March 13th, citing Mars Finance, since the US and Israel launched military strikes against Iran, Gulf oil-producing countries have suffered a cumulative loss of approximately $15.1 billion in energy revenue due to the near-total halt of shipping through the Strait of Hormuz. Large quantities of crude oil have been stranded due to transportation disruptions. The Strait of Hormuz is one of the world's most important energy transport routes, typically carrying about one-fifth of global oil trade. The current regional conflict has led to a significant reduction in tanker shipments, preventing the export of millions of barrels of crude oil and impacting Middle Eastern energy supplies and the global oil market.