Kuwait Declares Force Majeure on Oil Shipments as Hormuz Blockade Disrupts Persian Gulf Access

Kuwait has declared force majeure on shipments of crude oil and refined products, citing a blockade of the Strait of Hormuz that has blocked some vessels from entering the Persian Gulf and disrupted its ability to meet customer commitments. State-run Kuwait Petroleum Corp. informed clients on Friday of the decision to invoke a contract clause […] The post Kuwait Declares Force Majeure on Oil Shipments as Hormuz Blockade Disrupts Persian Gulf Access appeared first on the deep dive.