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Gulf states lose $15bn in energy revenues since start of war

Millions of barrels of crude oil remain trapped by shutdown of the Strait of Hormuz

Mar 13, 2026 &03001313202631; 05:00 UTC www.ft.com Trending 4/5

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Negative for markets

Sentiment score: -65/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Gulf states have lost approximately $15 billion in energy revenues since the start of the war due to disruptions in the Strait of Hormuz, with millions of barrels of crude oil trapped and unable to reach markets. This supply constraint is creating significant geopolitical and economic headwinds for oil-dependent economies in the region.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Supply disruptions from Strait of Hormuz closure support crude oil prices despite demand concerns

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Euro / US Dollar

EURUSDCurrency

Expected to decline

Energy crisis and economic disruption in Gulf region may weaken emerging market currencies and support USD

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Euro Stoxx 50

^STOXX50EIndex

Expected to decline

European energy stocks and broader economy face headwinds from oil supply constraints and higher energy costs

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Gold Futures

GC=FCommodity

Expected to rise

Geopolitical risk premium supports safe-haven gold demand

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long crude oil (CL=F) and gold (GC=F) as geopolitical risk hedges; consider reducing exposure to European energy-intensive sectors and emerging market equities. Monitor Strait of Hormuz developments closely for potential escalation.

KEY SIGNALS

Strait of Hormuz disruption - critical chokepoint for global oil supply$15bn revenue loss indicates sustained supply constraintsGeopolitical escalation risk remains elevatedInflationary pressure from energy supply shockRegional economic stress for oil-dependent nations

SECTORS INVOLVED

EnergyOil & GasUtilitiesTransportationEmerging Markets

Analysis generated on Mar 16, 2026 at 15:37 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by FT Markets. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Gulf states lose $15bn in energy revenues since start of war

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