Oil and gas production shutdowns in Iraq and Kuwait are widening the impact of the ongoing Iran war on global energy prices. Kuwait has declared force majeure, leading to significant reductions in crude oil output as tensions escalate due to repeated Iranian attacks and ongoing disruptions in the Strait of Hormuz. The Kuwait Petroleum Corporation has emphasized that these production cuts are precautionary measures as the situation develops. At the same time, Iraq is facing severe production challenges, including halting output at major fields and reducing shipments due to tanker shortages and drone strikes. Analysts warn that a broader oil price shock could be imminent as Gulf oil producers race to manage their outputs amid a looming storage crisis.