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Kuwait Declares Force Majeure Amid Strait of Hormuz Blockade

4/21/2026

Summary

Story summary

Kuwait's state-run Kuwait Petroleum Corporation (KPC) declared force majeure on crude oil and refined product shipments due to the blockade of the Strait of Hormuz, restricting vessel access to the Persian Gulf.
The declaration lets KPC delay deliveries but not halt exports, and geopolitical tensions have strained global oil markets with price volatility.
Kuwait's oil output has significantly decreased, with recovery expected only after hostilities cease.

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Story summary

Kuwait's state-run Kuwait Petroleum Corporation (KPC) declared force majeure on crude oil and refined product shipments due to the blockade of the Strait of Hormuz, restricting vessel access to the Persian Gulf.
The declaration lets KPC delay deliveries but not halt exports, and geopolitical tensions have strained global oil markets with price volatility.
Kuwait's oil output has significantly decreased, with recovery expected only after hostilities cease.