Kuwait Cuts Oil Production Amid Iran Threats to Strait of Hormuz

Kuwait’s state oil company, Kuwait Petroleum Corporation, has slashed crude oil production and refining throughput as a precautionary measure following Iran’s recent aggression toward the country and escalating threats to shipping in the Strait of Hormuz. The reduction, described as temporary, aims to mitigate risks in a region critical to global energy supplies. The move […] The post Kuwait Cuts Oil Production Amid Iran Threats to Strait of Hormuz appeared first on the deep dive.