u/Lisztomania1098213

▲ 14 r/Kuwait

What is force majeure, and how it can really affect Kuwait?

As we know, Kuwait announced the extension of force majeure, and this news is far from being good for any of us living in this country. Force majeure means to suspend or terminate the trade clauses due to some circumstances. As of right now, Kuwait has suspended all oil exports and that means 90% of Kuwait's revenue is at a direct threat. Even if the war ends tomorrow, it will take many months for the trade situation to return to normal. Kuwait has sovereign funds, which will smooth this situation, but we must brace ourselves just in case. What are all your thoughts?

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u/Lisztomania1098213 — 1 day ago