Middle East oil giant: The world must jointly bear the costs of the Iran war and infrastructure investment.

Leaders of the Middle Easts two largest oil producers warned that the rest of the world needs to share the costs of the Iran war and the resulting infrastructure investment needs. The conflict has caused widespread damage to pipelines, refineries, gas facilities and dozens of tankers, with the cost of new investment required already reaching tens of billions of dollars. Amin Nasser, chief executive of Saudi Aramco, and Sheikh Nawaf Al-Sabah, head of Kuwait Petroleum Corporation, said on Monday at the Energy Intelligence Forum that the two countries are planning to expand export routes and overseas storage facilities. The head of Kuwait Petroleum Corporation said that if European countries want to obtain fuels such as diesel and jet kerosene produced by Kuwait, they must invest in building supporting storage infrastructure. Nasser said: "No country should bear all of this alone. Oil and gas infrastructure is not an expense to be compressed or avoided. For both producing and consuming countries, it is a shared necessity."