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Briefing: Car owners turn to EVs as 30-40% of Gulf energy capacity is destroyed

Strategic angle: France’s Finance Minister confirmed significant damage to Gulf refining capacity, impacting global oil markets.

Editorial StaffMarch 26, 20261 min read

30-40% of Gulf energy capacity damaged by Iran's strikes.

Shortage of 11 million barrels per day expected.

Increased shift towards electric vehicles among car owners.