OIL WOES
Kuwait suspends oil contracts again as Strait remains blocked
Kuwait Petroleum Corp. can’t load or ship oil, cutting off flows worth as much as $180 million a day and throwing delivery schedules into disarray
Anadolu via Getty Images
Kuwait Petroleum Corp. headquarters was damaged in an Iranian drone attack on April 5.
Add The Circuit on GoogleKuwait has extended a force majeure declaration that now covers about 2 million barrels a day of crude and refined products as the Strait of Hormuz shutdown blocks tanker traffic.
The move lets state-owned Kuwait Petroleum Corp. suspend...
