​Kuwait officially declared a state of "Force Majeure" on all shipments of crude oil and refined petroleum products to global markets today, Monday.

The strategic decision follows the total closure of the Strait of Hormuz, preventing commercial vessels and oil tankers from entering the Arabian Gulf region.

Official sources stated that these operational developments have completely hindered the ability to fulfill specific contractual obligations to international clients.

Force Majeure is a legal clause that exempts parties from contractual liabilities when extraordinary events beyond their control prevent the execution of agreed terms.

Kuwait emphasized that the disruption of navigation in this vital waterway halted the flow of supplies, necessitating this legal step to protect national interests.

The Kuwait Petroleum Corporation (KPC) has notified its global partners and clients of the current status, noting that operations will resume once navigation is safe.

Economic reports indicate that this declaration will have immediate repercussions on global energy prices, given Kuwait’s pivotal role in supplying international markets.

Relevant Kuwaiti authorities are closely monitoring developments in international waterways in coordination with global organizations to ensure future shipping safety.

The Ministry stressed that this measure is temporary and strictly linked to the ability of tankers to cross the Strait of Hormuz and reach Kuwaiti ports safely.

Kuwait is currently evaluating all available alternatives and scenarios to minimize the damage resulting from this forced stoppage of vital global energy supplies.

The declaration of Force Majeure reflects the magnitude of logistical challenges facing regional countries amid escalating tensions affecting strategic shipping lanes.

Ultimately, Kuwait reaffirmed its commitment to international partnerships, expressing hope for the restoration of stability and freedom of international navigation soon.