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The Economic Times

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Kuwait declares force majeure on oil shipments amid Hormuz blockade

Kuwait has declared force majeure on its crude oil and refined product shipments. This action follows a blockade of the Strait of Hormuz. The blockade has prevented vessels from entering the Persian Gulf. Kuwait Petroleum Corporation has notified its customers about this development. The company is invoking a contract clause. This allows them to withhold scheduled deliveries.

20 Apr 2026 7:07 pm