Kuwait Declares Force Majeure on Oil Shipments on Hormuz Halt

Kuwait declared force majeure on shipments of crude oil and refined products as the blockade of the Strait of Hormuz makes it impossible to meet obligations to customers that can’t...

By Nicholas Lua, Fiona MacDonald, Anthony Di Paola · Bloomberg Markets

Kuwait declared force majeure on shipments of crude oil and refined products as the blockade of the Strait of Hormuz makes it impossible to meet obligations to customers that can’t bring vessels into the Persian Gulf.