Kuwait launches oil production increase and immediately lifts all force majeure declarations

```htmlGolden Ten Data reported on June 18 that, following the reopening of the Strait of Hormuz due to the temporary peace agreement between Iran and the United States, Kuwait has begun to increase its oil production and plans to restore its daily output to 2 million barrels within a week. Kuwait Petroleum Corporation (KPC) CEO Sabah said in an interview that the country has completed enough repairs to its damaged energy infrastructure, allowing it to restore production to pre-war levels faster than previously expected. During the war, Kuwait's oil production dropped to 500,000 barrels per day due to attacks on Kuwaiti oil fields and the closure of the Strait of Hormuz. Sabah stated that all force majeure notices issued during the war will be lifted immediately.```