“There is no substitute for Gulf hydrocarbons, and there is no substitute for freedom of navigation through the Strait of Hormuz,” says Nawaf Al-Sabah, CEO of Kuwait Petroleum Corp

“There is no substitute for Gulf hydrocarbons, and there is no substitute for freedom of navigation through the Strait of Hormuz,” says Nawaf Al-Sabah, CEO of Kuwait Petroleum Corporation. Gulf states have borne the brunt of Tehran’s attacks during the conflict with the US, with Kuwait and Bahrain hit especially hard in recent weeks after a truce broke down.