Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports

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.