Live Update 
From the Liveblog of
Tuesday, March 10, 2026
From the Liveblog of
Tuesday, March 10, 2026
Middle Eastern countries cut daily oil output — Bloomberg News
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Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes, on June 23, 2025. (Giuseppe CACACE / AFP)
Saudi Arabia has lowered oil output by between 2 million and 2.5 million barrels a day, and the United Arab Emirates has cut its output by 500,00-800,000 barrels a day, Bloomberg News reports.
Kuwait has also cut output by half a million barrels a day, and Iraq by about 2.9 million, the report adds, citing people with knowledge of the matter.
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