economy

May 3, 2026

Kuwait Without Crude Oil Exports for the First Time Since 1991

In April 2026, Kuwait did not export a single barrel of crude oil for the first time in over three decades due to the blockade of the Strait of Hormuz, according to the specialized oil shipping tracking website TankerTrackers.com.

Kuwait Without Crude Oil Exports for the First Time Since 1991

TL;DR

  • Kuwait exported no crude oil in April 2026, the first time in over three decades.
  • The blockade of the Strait of Hormuz is cited as the reason for the halt in exports.
  • Kuwait Petroleum Corporation extended a force majeure on oil exports on April 17th.
  • Daily oil production was reduced to approximately 1.2 million barrels per day by early May, down from pre-crisis levels of 2.7 million barrels.
  • Oil represents approximately 50% of Kuwait's GDP and 90% of its budget revenue.

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