Kuwait Petroleum chief Sheikh Nawaf Saud Al-Sabah did not bother with diplomatic soft pillows. He said Iran is “holding the world's economy hostage,” warning that missile, drone and shipping disruption across the Gulf is cutting output and threatening a much broader energy shock. When oil executives start sounding like geopolitical columnists, the market usually has a problem.
Kuwait says there is no true replacement for the Strait of Hormuz route, and that emergency workarounds are not enough if the conflict drags on. That warning matters because reduced Gulf output does not just hit crude. It can spill into fuel prices, fertilizer costs, food inflation and shipping expenses. In short, this is not only a producer story. It is also a household-budget story with very expensive side effects.
- Kuwait warned of severe supply disruption.
- Hormuz remains central to global oil flows.
- The knock-on effects can reach food and transport costs.
Watch: Reuters: Iran Strike Damages LNG and Deepens Energy Risks
