Saudi Arabia's crude oil production plummeted to 6.967 million barrels per day in March 2026—a record low and a 36% decline from February's 10.882 million bpd. Oil exports fell even more sharply to 4.974 million bpd, down 31.6% month-on-month, marking the lowest export level since JODI began tracking the data.

The Senate voted 50–47 to advance a war powers resolution forcing the Trump administration to seek Congressional approval for military action against Iran, with four Republicans breaking ranks—including Louisiana Senator Bill Cassidy voting in favor for the first time. Trump simultaneously announced he had postponed military strikes against Iran at the request of Qatar, Saudi Arabia, and the UAE, and issued an ultimatum demanding Iranian capitulation within days, threatening 'large-scale attacks' if negotiations fail.