# Kuwait, Iraq, Bahrain, Qatar

Type: producers

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/kuwait-iraq-bahrain-qatar
Canonical HTML page: https://getsupplybrief.com/entity/kuwait-iraq-bahrain-qatar

## Timeline

- **2026-06-29**: Market chaos becomes apparent — Brent crude sinks back to $73, yet ship‑tracking data shows crossings still far below normal levels while shut‑in production across the Gulf remains at 9.6 million bpd.
- **2026-06-26**: Interim deal reopens the Strait — A US‑Iran agreement allows commercial traffic to resume, triggering an immediate exodus of dozens of laden tankers that had been stranded for over 100 days.
- **2026-03-20**: Strait of Hormuz closure begins — Military conflict between the US and Iran effectively paralyses the waterway, trapping tankers inside the Gulf and cutting off roughly a fifth of global oil trade.

## Recent coverage (1 stories)

### 20M bpd Crude Flood Meets Empty Inbound Tankers: Hormuz Supply Chain in Chaos
2026-07-12 06:07:15 · Sentiment: Bearish · Impact: 8/10 · Sources: 2

The reopening of the Strait of Hormuz has unleashed a storm of trapped crude, briefly pushing flows above 20 million bpd, but a critical shortage of inbound tankers is derailing the restart of production. Supply chain professionals must navigate a fractured rebalancing that distorts freight markets and inventory planning.
Full story: https://getsupplybrief.com/story/hormuz-oil-exodus-supply-chain-chaos

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