Kuwait reduces oil production as precaution amid Iran tensions

KUWAIT CITY — Kuwait Petroleum Corporation announced a precautionary reduction in crude oil production and refining throughput amid ongoing tensions and Iranian threats affecting maritime traffic in the region.In a statement to Kuwait News Agency, the state oil company said the step was taken as part of its risk management and business continuity strategy in light of the current security situation.The corporation said the decision follows continued Iranian threats against the safe passage of ships through the Strait of Hormuz, a key route for global energy shipments.KPC emphasized that the reduction is strictly precautionary and will be reviewed as the situation develops.The company added that it remains ready to restore production levels once conditions allow and stressed that domestic market needs remain fully secured under existing supply plans.KPC also reaffirmed its commitment to protecting employees, safeguarding Kuwait’s national energy assets and supporting stability in global energy markets.