Kuwait Halts Crude Oil Exports for the First Time in 30 Years
Kuwait's Historic Oil Export Halt
For the first time in over thirty years, Kuwait has reported no crude oil exports during April, as per information from the TankerTrackers website. The monitoring group announced on social media, stating, "Breaking: In April 2026, Kuwait exported zero barrels of crude oil for the first time since the conclusion of Gulf War I." Although Kuwait continues to produce oil, its crude exports have effectively ceased. The oil produced is being stored or refined, with some refined products being exported, but no crude oil has left the country, according to the firm.
TankerTrackers noted that this disruption seems to be linked to challenges affecting regional shipping routes, particularly in the Strait of Hormuz. This strategic waterway has faced restrictions imposed by Iran and is currently under blockade by the US. Kuwait, a significant OPEC member, plays a crucial role in global energy supply chains, especially for Asia and Europe. If verified, this would mark the first month without crude exports for Kuwait since the Gulf War ended in 1991.
Iran Proposes New Plan to the US
Iran Sends Fresh Proposal: Will Trump Agree?
On Saturday, Iran submitted a new 14-point proposal to the United States aimed at "ending the war," according to reports from a semi-official news agency. The US had requested a ceasefire lasting up to two months, while Tehran emphasized that critical issues should be resolved within 30 days, focusing on a permanent resolution rather than a temporary ceasefire.
The proposal from Iran includes commitments to non-aggression, the withdrawal of US troops from areas adjacent to Iran, lifting the naval blockade, releasing frozen Iranian assets, and removing sanctions. It also calls for an end to hostilities on all fronts, including in Lebanon. In response to this new proposal, US President Donald Trump commented on social media, stating, "I will soon be reviewing the plan that Iran has just sent to us, but can't imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years."