Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for the first time since the Iran war choked off transit through the critical chokepoint. At least 4 million barrels of Kuwaiti crude loaded on two supertankers capable of carrying 2 million barrels each are being directly offered by the national oil company Kuwait Petroleum Corporation (KPC) to buyers in China and South Korea, anonymous tr