Markets· August 17, 2026 at 09:55 a.m.
Gulf States Increase Oil Production Amid Iran Tensions
Key takeaways
- Gulf states increase oil production in response to Iran tensions
- Saudi Arabia and UAE increase output by around 500,000 bpd
- Three energy services stocks that could benefit: Schlumberger NV, Halliburton Company, National Oilwell Varco
In response to escalating tensions with Iran, Gulf states have increased their oil production. This move is aimed at offsetting any potential supply disruptions caused by the conflict. The boost in production could benefit certain energy services stocks.
