22-June-2026
Corporate News
 
Hormuz reopening nears Kuwait offers direct oil liftings as 93 million non-Iranian barrels remain stuck in Gulf
22-Jun-2026

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. According to Bloomberg, the National Oil Company, Kuwait Petroleum Corporation, issued a tender to sell naphtha, a specific kind of refined petroleum to make gasoline and plastics, asking buyers to pass through the Strait with their own vessels. During the conflict, Kuwait Petroleum previously shipped liquefied petroleum gas through the Strait of Hormuz with its own ships.

News Source:- https://timesofindia.indiatimes.com/business/international-business/hormuz-reopening-nears-kuwait-offers-direct-oil-liftings-as-93-million-non-iranian-barrels-remain-stuck-in-gulf/articleshow/131902811.cms