(FILES) An undated handout picture provided by the Al-Zour oil Refinery on May 29, 2024 shows a view of the facility, in al-Zour, south of Kuwait City. Oil has long been the bedrock for the tiny Gulf state's economy -- where more than 90 percent of government revenue and nearly all export earnings rely on reliable crude sales. The country is also home to roughly six percent of total oil reserves globally. (Photo by Al-Zour Refinery / AFP via Getty Images) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / AL ZOUR REFINERY" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS To go with 'WAR-IRAN-US-ISRAEL-KUWAIT-ENERGY, FOCUS' by Haitham EL-TABEI

(FILES) An undated handout picture released by KNPC, a subsidiary of the Kuwait Petroleum Corporation on November 11, 2020, shows the Crude Distillation Unit at the Mina Abdullah Refinery in the Fahaheel district some 35 kilometres south of Kuwait City. Oil has long been the bedrock for the tiny Gulf state's economy -- where more than 90 percent of government revenue and nearly all export earnings rely on reliable crude sales. The country is also home to roughly six percent of total oil reserves globally. (Photo by KNPC / AFP via Getty Images) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / KNPC" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS To go with 'WAR-IRAN-US-ISRAEL-KUWAIT-ENERGY, FOCUS' by Haitham EL-TABEI

(FILES) An undated handout picture released by KNPC, a subsidiary of the Kuwait Petroleum Corporation on November 11, 2020, shows the Crude Distillation Unit at the Mina Abdullah Refinery in the Fahaheel district some 35 kilometres south of Kuwait City. Oil has long been the bedrock for the tiny Gulf state's economy -- where more than 90 percent of government revenue and nearly all export earnings rely on reliable crude sales. The country is also home to roughly six percent of total oil reserves globally. (Photo by KNPC / AFP via Getty Images) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / KNPC" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS To go with 'WAR-IRAN-US-ISRAEL-KUWAIT-ENERGY, FOCUS' by Haitham EL-TABEI

In this undated handout photograph provided by the Kuwait Petroleum Corporation (KPC) on August 13, 2026 shows a view of an oil facility in Kuwait City. Oil has long been the bedrock for the tiny Gulf state's economy -- where more than 90 percent of government revenue and nearly all export earnings rely on reliable crude sales. The country is also home to roughly six percent of total oil reserves globally. (Photo by Kuwait Petroleum Corporation (KPC) / AFP via Getty Images) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Kuwait Petroleum Corporation (KPC)" - HANDOUT - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS To go with 'WAR-IRAN-US-ISRAEL-KUWAIT-ENERGY, FOCUS' by Haitham EL-TABEI

(FILES) Kuwait Petroleum Corporation CEO Shaikh Nawaf Saud Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Oil has long been the bedrock for the tiny Gulf state's economy -- where more than 90 percent of government revenue and nearly all export earnings rely on reliable crude sales. The country is also home to roughly six percent of total oil reserves globally. (Photo by Mark Felix / AFP via Getty Images)

A dealer stands near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Aug. 11, 2026. (AP Photo/Lee Jin-man)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Aug. 13, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)