Prepare for Sustained Global Economy Disruption
Observations by Sheikh Nawaf Saud Al-Sabah, CEO of Kuwait Petroleum Corporation on Tuesday:
There is no substitute for exports through the Strait of Hormuz, he said. Measures such as the largest-ever release from global strategic stockpiles, U.S. waivers to sanctions on some Russian and Iranian crude exports, and exports through pipelines that bypass the strait fell far short of the volume of crude and fuel that the Middle East normally exports, he added.
Kuwait oil CEO says Iran is 'holding the world's economy hostage' (Reuters, 24 March 2026)
Do what you can to prepare psychologically and financially for a sustained global oil and gas supply crisis. This isn’t going to be over soon.
Kuwait would take three to four months to return output to full production levels even if the war were to end today, he added.