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    Gulf crisis: Now, Kuwait announces cuts in oil, refining output

    2 hours ago

    Kuwait, a major OPEC member, has significantly reduced its oil and refinery output due to threats against shipping in the Strait of Hormuz. Citing "ongoing aggression by the Islamic Republic of Iran," the nation began cutting production by 100,000 barrels daily, with further substantial reductions planned. These measures highlight escalating regional tensions impacting global energy supplies.
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