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Hormuz Crisis Reshapes Energy Markets; Russian, Kazakh Supply Losses Overlooked
The DiplomatSRC LO·IR · RU · KZ·31 minutes ago
Kazakhstan's oil production dropped 8.3% year-on-year to 69.4 million tons in the first nine months of 2026, per the Minister of National Economy. The decline is attributed to restraining factors, though specifics are unclear. This may tighten global supply, especially if OPEC+ quotas or infrastructure issues persist.