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Hormuz reopening nears? Kuwait offers direct oil liftings as 93 million non-Iranian barrels remain stuck in Gulf
Kuwait has asked its energy customers to pick up refined petroleum directly from its ports as the US and Iran aim for a final agreement within 60 days, adding to signs that cement the opening of the Hormuz Strait. The country is situated deep inside the Persian Gulf and is among the worst-hit economies due to the conflict.
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cnbc.com
Hormuz relief may not ease the economic toll that's already 'baked in,' analysts warn
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.
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thenationalnews.com
Kuwait to lift oil output to two million bpd within a week as Strait of Hormuz reopens | The National
Opec member's production fell to 573,000 barrels per day in May
