Disruption in the Strait of Hormuz: Partial impact on Kuwait’s oil supply—due to the ongoing blockade in one of the world’s most important shipping routes, the Strait of Hormuz, Kuwait is facing temporary difficulties in exporting oil, according to an international news source the situation has prevented the country from delivering some scheduled shipments on time, as a result Kuwait has declared “force majeure,” a contractual clause that allows delays or suspension of supply under unforeseen circumstances, the state-owned Kuwait Petroleum Corporation has already informed its buyers and in a notice issued last Friday stated that certain shipments may be delayed or temporarily suspended, however the positive aspect is that this decision is not expected to completely halt oil supply, rather overall export operations are likely to continue despite partial disruptions, amid current global tensions and maritime security risks energy supply systems in the Persian Gulf region are under pressure, particularly as obstacles to entering the Persian Gulf have prevented some vessels from reaching their destinations, this information is based on international media reports.
Obstacles to oil transportation: Kuwait
