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Event Brief

Gulf States Lose $15bn in Energy Revenues

Shutdown of the Strait of Hormuz traps millions of barrels of crude oil, costing Gulf states $15 billion.
WHO: Gulf States
WHAT: Loss of energy revenues due to oil shutdown
WHEN: Mar 13, 2026 at 1:00 AM ET
WHERE: Strait of Hormuz
WHY: Ongoing war affecting oil transport
Sources (1): Financial Times

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