Kuwait’s crude oil output surged by 184.5% month on month (M-o-M), reaching 1.65 million barrels per day (mmbl/d) in June 2026, a source familiar with the matter said on June 30, as the Organization of the Petroleum Exporting Countries (OPEC) member stepped up Gulf exports following the US–Iran interim peace accord, according to Reuters.
The surge in Kuwaiti output underscores a swift recovery in Gulf crude flows through the Strait of Hormuz after war‑related disruption, with stranded cargoes gradually moving out and exporters ramping up production.
Kuwait had been pumping around 2.5 mmbl/d before Iran effectively shut the Strait of Hormuz in late February in retaliation for US and Israeli strikes, a move that forced Kuwait and fellow Gulf producers such as Saudi Arabia and Iraq to slash millions of barrels per day of output.
Daily output climbed to as much as 1.9 mmbl/d in the final 10 days of June, the source added, declining to be named.
Oil prices extended losses on July 2 after the Reuters report, with crude already trading at its weakest levels since late February, just before the war erupted.
A spokesperson for state‑owned Kuwait Petroleum Corporation did not immediately respond to a Reuters request for comment. On June 18, the company said all force majeure notices issued during the war had been lifted, and a tender document the following day showed it was offering cargoes to buyers.
Kuwait was among the Gulf’s hardest‑hit producers during the Iran war, as the effective halt of flows through the Strait of Hormuz crippled its exports.
Unlike Saudi Arabia and the United Arab Emirates (UAE), which can tap export routes beyond the Strait of Hormuz, Kuwait depends almost entirely on the waterway for crude shipments, leaving it effectively cut off from key Asian markets during the disruption.