Iran owes Kuwait for oil woes, say experts

Moreover, Kuwait Oil Tanker Company (KOTC) affirmed that the crew of the giant crude oil tanker, ‘Al-Salmi’, efficiently handled the fire caused by an Iranian attack, immediately initiating emergency procedures in accordance with the response plans while ensuring the safety of all crew members. Official spokesperson of KOTC Captain Badr Al-Mutairi revealed that the crew fully extinguished the fire at 4:26 am Kuwait time, under the direct supervision of the crisis management team of the company, in coordination with the relevant authorities in the United Arab Emirates (UAE) to assess damages and ensure stability.

in accordance with international agreements. He said international courts recognize the principle of compensation for nations that cause destruction, death and other forms of harm, indicating these courts are authorized to impose double compensation, including international sanctions. Oil expert Haitham Al-Azmi believes that repairing the oil and gas infrastructure in the Gulf Cooperation Council (GCC) countries, which Iran has targeted with drones and other means during the current conflict, will exceed Rystad Energy’s estimate of $25 billion. He stated that the cost of repair and restoring previous production levels could exceed $100 billion if the war lasts for two months, but if it continues for three months, the cost will be more than $150 billion due to the rise in global oil prices resulting from the closure of the Strait of Hormuz. He said this will lead to higher prices for repair equipment and spare parts, as well as increased travel cost for the companies undertaking the repairs to the Gulf oil infrastructure.

He stressed that these estimates should be factored into future compensation provisions. International Law Professor at Kuwait University Dr. Madous Al- Rashidi disclosed that the cost of repairing the damage inflicted by Iran on the Kuwaiti and Gulf oil sectors continues to rise. He affirmed Kuwait’s right to resort to international courts to seek compensation from Iran once the war ends, especially since Iran has been defiant and obstinate, and has violated international law by targeting oil refineries and airport fuel storage tanks. He added that all Gulf states will demand compensation for damages incurred, considering Iran violated laws and norms without regard for the principle of good neighborliness. He said the United Nations charters, international agreements and international law criminalize aggression against neighbors unless there is justification for it. He went on to say that Iran will be required to pay compensation for all damages, including the cessation of Gulf oil exports, damage to public and private properties, and damage to the electricity grid two days ago, which resulted in the death of an Indian employee of the Ministry of Electricity, Water and Renewable Energy.
He thinks the scenario of compensation paid by Iraq to Kuwait following Saddam Hussein’s brutal invasion in the early 1990s will be repeated with Iran, which targeted Gulf states that have not fired even a single shot at Iran and these nations have done nothing but intercept the atrocious attacks. Furthermore, the Public Authority for Food and Nutrition (PAFN) has intensified its monitoring efforts to an unprecedented degree through a comprehensive field plan for markets, food establishments and vital outlets to ensure food security, continuity of supplies and protection of consumer health in light of the current circumstances. These efforts include conducting intensive inspection tours in various governorates, where the inspection teams covered hundreds of food establishments, including 379 in Mubarak Al-Kabeer Governorate this month. These tours resulted in the issuance of 63 violation citations, 49 of which were in Mubarak Al-Kabeer Governorate. Five complaints were addressed immediately and 431 kilograms of spoiled fish, meat and shrimp were destroyed, including 18.275 kilograms in Mubarak Al-Kabeer Governorate.