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UAE and Kuwait Start Oil Output Cuts After Hormuz Blockage

Fiona MacDonald, Anthony Di Paola
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⚡ Quantum Brief
The UAE and Kuwait have begun cutting oil production following Iranian threats that disrupted transit through the Strait of Hormuz, a vital global energy chokepoint. Abu Dhabi National Oil Co. confirmed offshore production reductions to manage storage constraints, though specific volumes were not disclosed. Kuwait Petroleum Corp. slashed output at both oil fields and refineries, citing safety risks after Iran’s blockade warnings in the Hormuz Strait. The Strait of Hormuz, through which 20% of global oil flows, faces near-closure, triggering supply chain disruptions and potential price spikes. The cuts mark the first major supply response to the Hormuz crisis, escalating concerns over prolonged energy market instability amid geopolitical tensions.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:The United Arab Emirates and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply.

Abu Dhabi National Oil Co. is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details.

Kuwait Petroleum Corp. said it was lowering production at both its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.”

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Source: Bloomberg

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