Kuwait & Wood Mackenzie

Kuwait: Kuwait came under Iranian fire following US airstrikes, indicating its vulnerability in the escalating regional conflict.

Wood Mackenzie: Wood Mackenzie is a global leader in analytics, insights, and proprietary data across the energy and natural resources landscape. It has published new analysis outlining three distinct outcomes for global LNG markets following the closure of the Strait of Hormuz.

Kuwait: Kuwait's oil exports have plummeted due to the strait closure, causing its biggest crisis since 1990. Its economy contracted 4.6% in Q1 2026.

Wood Mackenzie: Consultancy expects refining margins and utilization to remain strong through the decade.

Kuwait: Kuwait is affected by Iranian attacks on US bases and faces security risks. Its oil exports are constrained by the Hormuz closure.

Wood Mackenzie: Consultancy expects refining margins and utilization to remain strong through the decade.

Kuwait: Refineries offline due to Iran conflict, reducing regional refining capacity.

Wood Mackenzie: Consultancy expects refining margins and utilization to remain strong through the decade.

Kuwait: Kuwait is a Gulf ally of the United States that was targeted by Iranian missile and drone strikes during the conflict. Its leaders have met with Marco Rubio to discuss security concerns related to the Iran deal.

Wood Mackenzie: Wood Mackenzie, an energy firm, has estimated Iran's oil output decline and onshore storage levels, highlighting the economic pressure on Iran.

Wood Mackenzie: Wood Mackenzie, through its SVP Alan Gelder, offered historical context and projections on oil price increases due to the conflict.