According to Financial Times data, Gulf countries have incurred losses of $15 billion from energy resource sales since the onset of military actions.
A study by Kpler shows that cargoes of crude oil, petroleum products, and liquefied natural gas worth at least $10.7 billion are blocked in the Strait of Hormuz, remaining loaded but unable to reach their destinations.
The largest losses were suffered by Saudi Arabia, according to estimates by Wood Mackenzie, where the loss amounted to $4.5 billion since the conflict began.
Iraq is also among the most vulnerable countries, as 90% of its government revenues depend on oil production. Kuwait and Qatar are also at risk of supply blockages.
According to Wood Mackenzie estimates, the total amount of deferred oil sales and tax revenues for Gulf countries, including Saudi Arabia, Iraq, the UAE, Kuwait, and Bahrain, reached $13.3 billion.
These revenue losses clearly demonstrate the financial consequences of the conflict for the states in the region, the publication emphasizes.
The record "Gulf countries' losses from energy resources amounted to $15 billion since the onset of the conflict" was first published by K-News.
