Kuwait Defies Hormuz Risks with 1 Million Barrel Daily Crude Shipments

Kuwait is currently shipping approximately 1 million barrels of crude oil per day through the Strait of Hormuz, despite security risks in the region.

The country's exports have recovered to about 1 million barrels per day in July and August, according to Kpler data cited by Reuters.

Kuwait Petroleum Corp. is supplying term crude through the strait, with deliveries either made directly to refiners or through ship-to-ship transfers off Oman.