Kuwait has declared force majeure on oil shipments, reflecting escalating disruptions in the Strait of Hormuz, one of the world’s most critical energy transit routes.
This move comes amid rising geopolitical tensions and tanker disruptions, intensifying concerns over global supply shortages.
Force majeure indicates Kuwait’s temporary inability to fulfill export obligations due to circumstances beyond its control, a development that could push oil prices higher and increase market volatility.
As tensions persist, analysts warn of a deepening supply shock, especially given the global reliance on oil flows through the Strait of Hormuz.