Kuwait cuts oil production as a precaution

⁠Kuwait said it ​had implemented ​a precautionary reduction in crude oil production and refining throughput following the ⁠ongoing attacks by Iran ⁠against Kuwait and 'Iranian threats to safe passage of ‌ships through ​the Strait of ⁠Hormuz,' Kuwait ​Petroleum Corporation (KPC) said ‌in a statement on ​Saturday.
The state oil company said the move was part of its 'risk management ‌and business continuity ​strategy.'
It said the ​adjustment ‌was ⁠strictly precautionary and would be reviewed as ​the situation ⁠develops, and ​it remained ready to restore production levels once conditions ​allow.