#saudiarabia , #uae , #iraq , and #kuwait have cut #oil production by some 6.7 mn bbl / d — shaving some 6% off global oil supply, #bloomberg reports, citing people familiar with the matter. Saudi trimmed some 2.5 mn bbl / d, Iraq roughly 2.9 mn bbl / d, the UAE 500k-800k bbl / d, and Kuwait about 500k bbl / d. For Saudi Arabia, the UAE, and Kuwait, that translates to roughly 20-25% below February output levels. #StraitOfHormuz #usa #Israel #war on #iran
US #MAGAt attacks on #Iran have left millions in neighboring #Iraq in 24 hr blackouts without even intermittent imported Iranian #power deliveries for several days.
Orders to simply #evacuate by US embassy to #Americans living in Iraq were issued long after communications platforms were already #destabilized and crisis well underway. With all airports & shipping lanes closed, and no #electricity or #internet since the US strikes began, many ex-pats have taken refuge in embassies.
Iraq has struggled to provide its citizens with #energy since the destruction of 2003 U.S. #invasion that toppled Saddam Hussein. In the ensuing #turmoil, poor investment opps, #graft and mismanagement by authorities have left the national #grid in Iraq unable to cope with demand for decades
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