OPEC Output Falls to New 36-Year Low on Iran War, Survey Shows

OPEC's oil output has fallen to a 36-year low due to the Iran war and the United Arab Emirates' decision to leave OPEC, dealing a blow to the group and its leader Saudi Arabia. This departure affects the global oil industry as it grapples with massive supply disruptions. The Organization of the Petroleum Exporting Countries is facing challenges amid these changes.