Oil, LNG and War: Why the Gulf Matters to Global Markets #NDTV
Oil, LNG and War: Why the Gulf Matters to Global Markets
The Gulf region sits at the heart of global energy security, with nearly 20% of the world’s seaborne oil passing through the Strait of Hormuz, a critical maritime chokepoint linking the Arabian Gulf to global markets. Major export and refining hubs across Iraq, Kuwait, Iran, Saudi Arabia, Qatar, the UAE and Oman form the backbone of global crude and LNG supply.
Key facilities include Basra in Iraq, Mina Al Ahmadi and Al-Zour in Kuwait, Iran’s Kharg Island, Saudi Arabia’s Ras Tanura operated by Saudi Aramco, Qatar’s Ras Laffan LNG complex, and the UAE’s Fujairah terminal outside Hormuz.
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