LBCI

Macquarie walks away from Kuwait oil pipelines deal amid Iran war: Sources to Reuters

Middle East News

17-03-2026 | 09:05

Share

Share

Macquarie walks away from Kuwait oil pipelines deal amid Iran war: Sources to Reuters

Macquarie has withdrawn from bidding for a stake in Kuwait's oil pipeline network worth up to $7 billion, two sources familiar with the matter said, becoming one of the first known investors to pull out of ‌a Gulf deal due to the Iran war.

The Australian infrastructure investor notified Kuwait Petroleum Corporation on Friday that it was exiting the process because of the conflict and uncertain outlook, one source said, as dealmakers try to press ahead with the transaction despite unprecedented regional volatility.

The move is a sign that the conflict is cooling investor enthusiasm for the Gulf, where millions of barrels of crude are stranded after Iran effectively shut the Strait of Hormuz.

Kuwait has no export route for its crude other than the narrow waterway between Iran and Oman, through which a fifth of global oil supply normally flows.

Reuters

Middle East News

walks

Kuwait

pipelines

Sources

Reuters

Next

Syrian authorities ban alcohol in Damascus

Iran war may push 45 million people into acute hunger by June: WFP

Previous

Recommended For You

UN says Israeli threats of Gaza-like fate for Lebanon “unacceptable”

11:11

UN says Israeli threats of Gaza-like fate for Lebanon “unacceptable”

France ready to join Hormuz ship escorts once situation 'calmer': Macron

11:05

France ready to join Hormuz ship escorts once situation 'calmer': Macron

US national counterterrorism center director resigns amid Iran war

09:56

US national counterterrorism center director resigns amid Iran war

Netanyahu says Larijani killing gives Iranians chance to overthrow rulers

Middle East News

09:35

Netanyahu says Larijani killing gives Iranians chance to overthrow rulers

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Dubai airport 'gradually' resumes flights after nearby drone incident

Middle East News

2026-03-16

Dubai airport 'gradually' resumes flights after nearby drone incident

Hezbollah denies any members in Kuwait after arrest of 16 alleged affiliates

10:03

Hezbollah denies any members in Kuwait after arrest of 16 alleged affiliates

Some Israeli strikes in Lebanon may be war crimes: UN rights office

08:38

Some Israeli strikes in Lebanon may be war crimes: UN rights office

Sharia Office of Grand Ayatollah Mohammad Hussein Fadlallah announces Eid al-Fitr on Friday, March 20

2026-03-13

Sharia Office of Grand Ayatollah Mohammad Hussein Fadlallah announces Eid al-Fitr on Friday, March 20

Videos

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Berri halts live broadcast amid parliament salary dispute

2026-01-29

Berri halts live broadcast amid parliament salary dispute

Most read

24 hours

7 days

Month

Hezbollah source to Al Jazeera: Israeli operation in Khiam prepares for ground advance toward Litani

1

Hezbollah source to Al Jazeera: Israeli operation in Khiam prepares for ground advance toward Litani

Israeli report: Israel plans to demolish border homes in southern Lebanese villages to pressure Hezbollah

2

Israeli report: Israel plans to demolish border homes in southern Lebanese villages to pressure Hezbollah

Israel conducts airstrike near Beirut airport

3

Israel conducts airstrike near Beirut airport

Renewed call for evacuation: Israel warns residents of Beirut's southern suburbs

4

Renewed call for evacuation: Israel warns residents of Beirut's southern suburbs

Kuwait foils Hezbollah-linked cell, arrests 16 suspects

5

Kuwait foils Hezbollah-linked cell, arrests 16 suspects

Israeli media sources: No decision to target Lebanese state infrastructure, negotiations no longer a viable option

6

Israeli media sources: No decision to target Lebanese state infrastructure, negotiations no longer a viable option

'Significant' Israeli ground offensive in Lebanon 'must be averted': Western leaders' statement

7

'Significant' Israeli ground offensive in Lebanon 'must be averted': Western leaders' statement

Missile threat and ground invasion: Israel expands war into Lebanon

8

Missile threat and ground invasion: Israel expands war into Lebanon

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More