Oil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
The cycle started this week with Qatar ceasing most of its liquefied natural gas output. Then Iraq and Kuwait began shutting down production from their oilfields. The United Arab Emirates and Saudi Arabia may soon follow suit. It’s not because these oil and gas fields are un...
🔗 Read more: https://fortune.com/2026/03/07/iran-wear-energy-prices-iraq-kuwait-shut-oil-production/
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fortune.com
Oil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
The cycle started this week with Qatar ceasing most of its liquefied natural gas output. Then Iraq and Kuwait began shutting down production from their oilfields. The United Arab Emirates and Saudi Arabia may soon follow suit. It’s not because these oil and gas fields are under military threat...
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