Gulf states seek alternate export routes as Hormuz crisis cuts oil revenue 36%

Kuwait, Qatar, and Bahrain, lacking alternative export infrastructure, face a 36% drop in oil exports and $15.2B in lost revenue in the first month of the Hormuz crisis. The disruption underscores the strategic vulnerability of Gulf states reliant on the Strait of Hormuz, prompting efforts to secure alternative routes. The situation is developing, with the full economic impact contingent on the crisis's duration and the viability of alternative pipelines.