Shipping Interrupted: Tracking the Impact of Disruptions in the Strait of Hormuz

What: Saudi Aramco, QatarEnergy, Kuwait Petroleum and ADNOC have reduced, suspended or declared force majeure on production.
Why: The Middle East conflict has caused an immediate shock to the offshore market.
Signal: Gulf oil exports have fallen over **60%** to around **9.7 million** barrels per day.
Target: The global oil supply chain is expected to face significant disruptions.
Risk: The price of oil could surge to over **$120** per barrel in the coming weeks.