The British newspaper "Financial Times" writes that since the US and Israel started a war against Iran on February 28, the countries of the Persian Gulf have lost approximately 15.1 billion dollars in energy revenue.
According to Medianews.az, the main reason for this is the effective halt of shipping in the Strait of Hormuz.
In 2025, about 1.2 billion dollars worth of oil, petroleum products, and liquefied gas were transported daily through this strait.
Currently, the largest loss falls on Saudi Arabia - approximately 4.5 billion dollars. The Kingdom of Saudi Arabia plans to increase exports via the Red Sea route in the coming days.
According to experts, the most vulnerable country is Iraq, because oil accounts for 90% of the state's revenues there.
Kuwait and Qatar have also faced serious losses, but these countries can compensate for damages with their large sovereign funds.
Currently, goods worth a total of 10.7 billion dollars (crude oil, petroleum products, and liquefied natural gas) are effectively "stuck" in the Strait of Hormuz - loaded onto ships, but unable to depart for destination ports.
According to recent estimates, deferred tax and export revenues for Saudi Arabia, Iraq, UAE, Kuwait, and Bahrain amount to 13.3 billion dollars.
In addition, Qatar’s state energy company "QatarEnergy" lost 571 million dollars in revenue on March 2 due to production stoppage.
Elchin Alioglu