BREAKING: The Iran war is now officially causing the largest disruption to oil supplies in history, per FT.
Current oil market situation:
1. Gulf producers have cut oil production by at least 10mn barrels a day
2. The Iran war has driven production to its lowest level in four years, per the IEA
3. The IEA expects world output to fall by 8mn b/d in March as a result
4. This represents a decline of over 7% from the 107 million b/d produced in February
Iran is now requiring "reparations" for a ceasefire deal.

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