Kuwait Triggers Force Majeure On Hormuz Oil Shipments

Kuwait has formally shifted the Strait of Hormuz disruption from market anxiety to contractual reality, declaring force majeure on crude oil and refined product shipments. State-run Kuwait Petroleum Corp. notified customers on Friday, according to a document obtained by Bloomberg News, though the notice does not mean all supplies stop immediately. A force majeure declaration […] The post Kuwait Triggers Force Majeure On Hormuz Oil Shipments appeared first on the deep dive.