Kuwait Force Majeure Deepens Global Supply Concerns

Concerns over tighter crude supply are growing after Kuwait declared force majeure on oil exports, citing the continued blockade of the Strait of Hormuz and delays in shipping contracted volumes. Kuwait, which relies entirely on Hormuz for seaborne exports and lacks major alternative pipeline routes, is especially exposed to prolonged disruption. While some importers such as South Korea say immediate impact is limited because Kuwaiti flows had already been halted, the move adds to broader fears of higher oil prices and sustained volatility until the strait reopens.