Crude oil production in the major Gulf Arab exporters plunged in March due to the Iran war, according to data released by OPEC on Monday. Iraq took the biggest hit with production collapsing 61% from 4.2 million barrels per day in February to 1.6 million bpd in March, according to OPEC’s monthly report. Output plunged 53% in Kuwait and 44% in the United Arab Emirates month over month, the data showed. Production in Saudi Arabia, OPEC’s biggest producer, dropped 23% from 10.1 million bpd to 7.8 million bpd. The Saudis are relying on a crucial East-West pipeline to reroute barrels from the Persian Gulf to the Red Sea for export. But the pipeline, which has a capacity of 7 million bpd, recently came under attack by Iran. The assault cut the pipeline’s capacity by 700,000 bpd, according to the state-owned Saudi Press Agency.

Full report : Oil production has dropped sharply in Saudi Arabia, Iraq, the United Arab Emirates and Kuwait due to the Iran war, according to OPEC’s monthly report.