economy

May 4, 2026

Kuwait exports zero barrels of oil for first time in 35 years, according to Tanker Trackers

After traffic through the Strait of Hormuz was effectively shut down Kuwait exported zero barrels of oil

Kuwait exports zero barrels of oil for first time in 35 years, according to Tanker Trackers

TL;DR

  • Kuwait exported no crude oil in the past month, the first time this has happened since the 1991 Gulf War.
  • The halt in exports is attributed to traffic disruptions in the Strait of Hormuz amid the US-Israeli war with Iran.
  • Kuwait previously exported around 1.85 million barrels per day, with oil accounting for 50% of its GDP and 90% of government revenue.
  • Oil prices have climbed above $120 per barrel due to the closure of the Strait of Hormuz, which handles about one-fifth of global oil and LNG flows.

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