Saudi Oil Production Sinks to 1990 Low Amid Escalating Regional Tensions

Saudi Arabia's crude oil production plummeted in August to its lowest level since 1990, according to data reported to OPEC on Thursday. The decrease was attributed to renewed hostilities between the US and Iran as well as threats against shipping by Iran-backed Houthi rebels in Yemen.

The exact figure for Saudi Arabia's crude oil production in August was not provided in the report. However, it is clear that the country has been affected by the ongoing tensions in the region.