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Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and using ship-to-ship transfers in the…
AI Summary
Qatar and Kuwait have increased crude oil shipments through the Strait of Hormuz to about 70 % of their pre‑war volumes, matching the United Arab Emirates’ approach of routing oil through the chokepoint and employing ship‑to‑ship transfers in the Gulf of Oman, according to anonymous traders cited by Bloomberg. This marks a significant recovery in their export capacity.
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