Kuwait declares force majeure on oil shipments
- Apr 22
- 1 min read
Source: Hal Turner
Kuwait has declared a "force majeure" on oil shipments because of Strait of Hurmuz closure.
Kuwait produces 2.6–2.8M barrels/day (3% of global supply) and most of it depends on Hormuz.
Middle East exports have already collapsed 60%+ and multiple producers have cut output or halted shipments.
Now Kuwait is formally declaring it cannot meet Contractual delivery obligations.
