The Persian Gulf countries have reduced oil production by at least 10 million barrels per day due to the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in a fresh report on Thursday.

The Persian Gulf countries have reduced oil production by at least 10 million barrels per day due to the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in a fresh report on Thursday.