Source: Informed Comment
by Juan Cole
“The International Energy Agency has made its May report free to download, and the news is not good for the second and third quarters of this year, i.e. April-September. The IEA hopes things will look up in the fourth quarter, but premises that expectation on an early end to the US conflict with Iran and a reopening of the Strait of Hormuz. At the moment (June 5, 2026), there does not seem much movement on that front, and in fact the US and Iran are not only skirmishing with one another but Iran is making good its threat to hurt US allies like Bahrain and Kuwait every time the US hurts Iran. One was killed and dozens injured in Kuwait on Wednesday by Iranian Shahed drone barrages that also damaged the airport. Kuwait Airlines shut down briefly but is now flying from a different terminal; it is the only carrier flying from Kuwait.” (06/05/26)
https://www.juancole.com/2026/06/operational-without-hormuz.html