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After Iraq, Kuwait and UAE may be next to cut oil output on Iran crisis, analysts say

Storage tanks in Kuwait and the UAE are nearly full amid stalled Strait of Hormuz exports, risking output cuts within 18 to 22 days, JPMorgan analysts warn.

Summary by The Detroit News
Shipping through the Strait of Hormuz has ground to a near halt after Iranian hits on six vessels since the crisis started.

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ReutersReuters
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After Iraq, Kuwait and UAE may be next to cut oil output on Iran crisis, analysts say

·United Kingdom
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Kuwait, an OPEC member located in the Persian Gulf, has begun cutting production in some oil fields, the Wall Street Journal reports, writing about a "new threat."

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Reuters broke the news in United Kingdom on Thursday, March 5, 2026.
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