Media: Iraq, Kuwait, Qatar oil firms trapped amid Iran strait blockade

Oil companies from Iraq, Kuwait, and Qatar are facing a critical bottleneck due to Iran’s effective blockade of the Strait of Hormuz, Reuters reports.

Prior to the recent escalation in the Middle East, the Strait of Hormuz served as the primary export route for crude oil from these countries. With the waterway now effectively blocked, energy firms from Iraq, Kuwait, and Qatar have few alternatives to transport oil to global markets.

By contrast, Oman, Saudi Arabia, and the United Arab Emirates (UAE) are reportedly in a stronger position. These nations possess domestic pipeline networks that allow their energy companies to reroute a portion of exports through alternative channels, mitigating the impact of the Strait’s closure.

Analysts warn that prolonged disruptions in this strategic maritime corridor could further strain global energy supplies and drive volatility in oil markets.

By Vafa Guliyeva