Energy

Iran War Triggers Steep Drop in OPEC Oil Output

Iraq leads March’s sharp decline in crude production.
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Iran War Triggers Steep Drop in OPEC Oil Output
A simple map shows the Strait of Hormuz. Dado Ruvic/Reuters
Andrew Moran
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Crude oil production among members of OPEC plummeted in March, the Vienna-based cartel said.

Output fell by 7.7 million barrels per day, to 20.79 million, according to the widely watched Monthly Oil Market Report, released on April 13.

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."