Kuwait Ends Force Majeure, Oil Output to Return to Prewar Levels

Kuwait has lifted the force majeure on its oil production, signaling a return to output levels seen before the recent conflict. A force majeure is a legal clause that allows a company to stop meeting contractual obligations due to extraordinary events. With this measure removed, Kuwait's oil output is expected to rebound quickly to its prewar capacity. The move is likely to stabilize global oil markets, which had been under pressure from supply disruptions.