• absGeekNZ@lemmy.nzOP
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    12 days ago

    Not much detail in the article

    Kuwait has declared force majeure on ​shipments of crude oil ‌and refined products after a blockade of the ​Strait of Hormuz ​prevented some vessels from entering ⁠the Persian Gulf, ​hindering its ability to ​meet certain customer commitments, Bloomberg News reported on Monday, citing ​a document. State-run Kuwait ​Petroleum Corp. notified customers on ‌Friday ⁠that it was invoking a contract clause allowing it to withhold ​scheduled deliveries, ​the ⁠report said.

    It added that the ​decision is not expected ​to ⁠result in a complete halt in supply. Reuters ⁠could ​not independently ​verify the report.