Huge Move! Gulf Countries Just Cut Oil Output by 33 Percent, Trump Threatens Strikes 20 Times Harder

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Saudi Arabia, UAE, Kuwait, and Iraq cut oil out by 6.7 million barrels per day.

That’s roughly 33% of their combined output and about 6% of global oil production.

The reason is simple:

They’re running out of storage.

With the Strait of Hormuz effectively closed, Gulf producers are struggling to ship oil to global markets.

Tanker traffic has collapsed, exports are stalled, and storage facilities are quickly filling up.

When producers can’t move oil out, the only option is to slow down production at the source.

And it’s not just the Gulf countries:

1. Japan has ordered all 10 national oil storage bases to prepare for emergency releases.

2. Vietnam urges people to work from home due to fuel shortages.

3. Qatar has halted LNG production at Ras Laffan.

Unless the Strait of Hormuz opens, oil prices will continue to trend upwards.

Saudi Arabia began oil output cuts, becoming the latest Gulf ​producer impacted by the U.S. and Israeli war on Iran that has halted ship traffic in the region, sending crude prices up nearly ‌30% on Monday to $119 a barrel and prompting G7 countries to consider releasing emergency oil stocks.
Saudi oil giant Aramco has begun cutting output at two of its oilfields, two sources said, adding to earlier reductions by Iraq, Kuwait, Qatar and the United Arab Emirates as shipments continue to be blocked and they run out of storage.

The sources did not provide further ​details and the company declined to comment.
G7 finance ministers discussed releasing emergency oil stocks and a final decision could be taken by the seven ​countries’ leaders later this week. The G7 groups the U.S., Japan, Germany, France, Britain, Italy and Canada.
The International Energy Agency, ⁠which coordinates energy policies of Western and some other industrialised nations, holds over 1.2 billion barrels of public emergency oil stocks and a further 600 ​million barrels of industry stocks.
The Iran war has already cut global oil supply by a combined 200 million barrels over the past 10 days, according to analysts’ ​estimates.
Adding to market jitters was Iran’s naming of hardliner Mojtaba Khamenei as the successor to his slain father as the country’s supreme leader, which cooled hopes of a quick end to hostilities.
Over the weekend Iraq cut output at its main southern oilfields by 70% to 1.3 million barrels per day (bpd), three industry sources said, while Kuwait Petroleum Corp began cutting output on Saturday ​and declared force majeure.
In Bahrain, Bapco Energies, opens new tab declared force majeure following an attack on its refinery complex, the company said.
Oil prices hit their highest since 2022 ​at more than $119 a barrel on Monday, although they later pared gains.

During a press conference on Monday, Trump did not rule out killing the new Supreme Leader of Iran, adding that he believes the younger Khamenei will “lead to just more of the same problem for the country.”

Trump also told reporters on Monday that the US has struck “over 5000 targets to date,” but is leaving “some of the most important targets for later, in case we need to do it.”

“If we hit them, it’s going to take many years for them to be rebuilt, having to do with electricity production and many other things, so we’re not looking to do that if we don’t have to,” he added. “We are waiting to see what happens before we hit them. We could take them all out in one day.”

Learn More-
https://www.reuters.com/business/energy/governments-scramble-limit-fallout-iran-war-oil-prices-surge-2026-03-09/

https://www.telegraph.co.uk/business/2026/03/09/gulf-states-throttle-oil-flows-risk-crippling-shutddowns/?msockid=22b47295015e67ae3e2360fe004c663b

https://www.thegatewaypundit.com/2026/03/watch-live-war-secretary-pete-hegseth-general-dan/


https://twitter.com/JinWooIQ/status/2031324356819956004