https://www.reuters.com/business/energy/after-iraq-kuwait-uae-may-be-next-cut-oil-output-iran-crisis-analysts-say-2026-03-05/ Skip to main content Exclusive news, data and analytics for financial market professionals Learn more aboutRefinitiv * World Browse World + Africa + Americas + Asia Pacific + China + Europe + India + Israel and Hamas at War + Japan + Middle East + Ukraine and Russia at War + United Kingdom + United States + Reuters NEXT New York * Business Browse Business + Aerospace & Defense + Autos & Transportation + Davos + Energy + Environment + Finance + Healthcare & Pharmaceuticals + Media & Telecom + Retail & Consumer + Future of Health + Future of Money + Take Five + World at Work * Markets Browse Markets + On the Money + Watchlist + Asian Markets + Carbon Markets + Commodities + Currencies + Deals + Emerging Markets + ETFs + European Markets + Funds + Econ World + Global Market Data + Rates & Bonds + Stocks + U.S. Markets + Wealth * Sustainability Browse Sustainability + Boards, Policy & Regulation + Climate & Energy + Land Use & Biodiversity + Society & Equity + Sustainable Finance & Reporting + The Switch + Reuters Impact + COP30 * More Legal + Government + Legal Industry + Litigation + Transactional + US Supreme Court Commentary + Breakingviews + ROI: Reuters Open Interest Technology + Artificial Intelligence + Cybersecurity + Space + Disrupted Investigations Sports + Winter Olympics + Athletics + Baseball + Basketball + Cricket + Cycling + Formula 1 + Golf + NFL + NHL + Soccer + Tennis Science Lifestyle + Culture Current City Memo Graphics + Chart of the Week Pictures Wider Image Podcasts + Reuters World News + Reuters Econ World + On Assignment + Viewsroom + The Big View Live Fact Check Video Media Center + Announcements + Awards + Inside the Newsroom + People News Sponsored Content + Reuters Plus + Press Releases Subscribe After Iraq, Kuwait and UAE may be next to cut oil output on Iran crisis, analysts say By Ahmad Ghaddar, Yousef Saba and Alex Lawler March 5, 20262:19 PM UTCUpdated March 5, 2026 * * * * * * * * An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo Purchase Licensing Rights, opens new tab * Companies * CNOOC Ltd Follow * PetroChina Co Ltd Follow LONDON, March 5 (Reuters) - Kuwait and the United Arab Emirates are the Gulf oil producers who will be next to reduce output if they cannot export crude through the Strait of Hormuz due to the Iran crisis, as storage tanks fill up, according to analysts, traders and sources. Shipping through the Strait of Hormuz, a narrow chokepoint between Iran and Oman through which a fifth of the world's crude oil and liquefied natural gas passes, has ground to a near halt after Iranian hits on six vessels since the crisis started. Sign up here. Earlier this week, Iraqi oil officials told Reuters Iraq has cut oil production by nearly 1.5 million barrels a day, and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the crisis. Kuwaiti national oil company KPC did not immediately respond to requests for comment on whether shutdowns were imminent. UAE oil producer ADNOC had no comment beyond its listed subsidiaries' statements on Wednesday that said their operations were continuing normally. CHOKEPOINT Analysts at JPMorgan said in a report this week that Kuwait has about 18 days before output would need to be curtailed due to storage being used up, and the UAE 22 days if vessels are not re-routed, as estimated from the first day of the conflict. Estimated number of days left until storage tanks in Gulf countries fill up, forcing oilfield shut-ins. Estimated number of days left until storage tanks in Gulf countries fill up, forcing oilfield shut-ins. Two oil traders who deal in UAE crude said Abu Dhabi may need to lower production earlier than this if exports through the Strait do not resume. "At some point soon, everyone will also shut in if vessels do not come," said a source with a state oil company in the region. Around 300 oil tankers remained inside the Strait as vessel traffic in and out of the chokepoint nearly halted following the outbreak of war, according to ship tracking data from Vortexa and Kpler that excludes some of the smallest tankers. Reporting by Ahmad Ghaddar, Alex Lawler and Yousef Saba; Editing by Jan Harvey Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Energy * Exploration & Production * OPEC * Fuel Oil * * * * * Purchase Licensing Rights Yousef Saba Yousef Saba Thomson Reuters Yousef covers Middle East energy out of Dubai, paying close attention to Gulf state oil giants, their roles in the ambitious region's transformational plans and the shift to green energy. He previously covered Gulf financial and economic news, with a focus on the fast-growing capital markets there. He joined Reuters in 2018 in Cairo, where he covered Egypt and Sudan, including its uprising. He previously had stints at a local paper in Cairo and in D.C. as an intern at Politico during the 2016 U.S. presidential election. * * * Read Next * agoEnergycategory Iran war threatens prolonged hit to global energy markets Illustration shows 3D printed oil pump jacks, Iranian flag, rising stock graph * agoEnergycategory Kuwait declares force majeure, cuts crude oil output Illustration shows 3D printed oil pump jacks and Kuwait Petroleum Corporation (KPC) logo * agoEnergycategory ADNOC says it is managing offshore output, onshore operations continue Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) * agoEnergycategory India raises cooking gas prices as Iran war hits supply A worker unloads LPG cooking cylinders from a supply truck outside a distribution centre in Ahmedabad * agoSustainabilitycategory EU looks to soften energy bill pressures for industry, document shows ThyssenKrupp steel factory in Duisburg * agoEnergycategory US pump prices surge as Iran war upends global energy supply Gasoline prices are displayed at a gas station price display, in Carlsbad, California LSEG Workspace Business * Illustration shows OpenAI logo OpenAI Robotics head resigns after deal with Pentagon Businesscategory * March 7, 2026 * 8:37 PM UTC * ago Caitlin Kalinowski, head of robotics and consumer hardware at OpenAI, announced her resignation on Saturday, citing concerns about the company's agreement with the Department of Defense. * Italian ministers address the lower house of the parliament over the latest developments in Iran and the Middle East Aerospace & DefensecategoryItaly defence minister urges arms industry to speed up production 6:05 PM UTC * Japan Display Inc's logo is pictured at its headquarters in Tokyo Autos & TransportationcategoryUS, Japan eye $13 billion Japan Display plant as part of investment package, Nikkei Asia reports 5:41 PM UTC * Reuters logo categoryTicket prices and hotel tariffs skyrocket ahead of T20 World Cup final 3:38 PM UTC * Production line of Dutch semiconductor company Nexperia, in Hamburg Autos & TransportationcategoryChina warns of global chip shortages as Nexperia dispute escalates again 3:14 PM UTC Site Index Latest * Home * Authors * Topic Sitemap * Archive * Article Sitemap Media * Videos * Pictures * Graphics * Podcasts Latest * Home * Authors * Topic Sitemap * Archive * Article Sitemap Browse * World * Business * Markets * Sustainability * Legal * Breakingviews * Technology * Investigations * Sports * Science * Lifestyle Media * Videos * Pictures * Graphics * Podcasts About Reuters * About Reuters, opens new tab * Media Center, opens new tab * Advertise with Us, opens new tab * Careers, opens new tab * Reuters News Agency, opens new tab * Brand Attribution Guidelines, opens new tab * Reuters and AI, opens new tab * Reuters Leadership, opens new tab * Reuters Fact Check * Reuters Diversity Report, opens new tab * Commercial Disclosure (Japan), opens new tab Stay Informed * Download the App (iOS), opens new tab * Download the App (Android), opens new tab * Newsletters * Subscribe Information you can trust Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Follow Us * * * * * * LSEG Products * Workspace, opens new tab Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. * Data Catalogue, opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. * World-Check, opens new tab Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. * Advertise With Us, opens new tab * Advertising Guidelines * Purchase Licensing Rights, opens new tab * Cookies, opens new tab * Terms & Conditions * Privacy, opens new tab * Copyright, opens new tab * Digital Accessibility, opens new tab * Corrections * Data Disclosure and Sources, opens new tab * Site Feedback, opens new tab All quotes delayed a minimum of 15 minutes. See here for a list of exchanges and delays. * Cookies, opens new tab * Terms & Conditions * Privacy, opens new tab * Copyright, opens new tab * Digital Accessibility, opens new tab * Corrections * Data Disclosure and Sources, opens new tab * Site Feedback, opens new tab (c) 2026 Reuters. All rights reserved