Kuwait declares force majeure on oil shipments amid Hormuz blockade

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.

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It added that ​the decision ​is ⁠not expected to result in a complete halt in ​supply.

Reuters could not independently verify the report.