Kuwait Offers Oil to Asian Buyers for First Time Since War

Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started, the latest indication of rising oil flows through the Strait of Hormuz.

At least 4 million barrels of the nation’s main export grade, carried on two very large crude carriers, are being offeredBloomberg Terminal to refiners in at least China and South Korea, traders familiar with the matter said, asking not to be identified as they’re not authorized to speak to the media.