Finance Minister Highlights Hormuz Disruptions
Kuwaiti Finance Minister Yaqub Al-Rifai discussed the impact of navigational disruptions through the Strait of Hormuz on supply chains, considering that such disruptions increase costs and affect food security, especially in developing countries that rely on imports. He emphasized that the Strait is a vital corridor for transporting energy, food, and fertilizers. Kuwait has taken measures to ensure the continuity of logistics chains, including coordinating with Saudi Arabia and Oman to provide alternative maritime routes, as well as strengthening strategic stockpiles and supporting the costs of shipping some essential imports. He stressed the importance of international cooperation to ensure the safe passage of supplies and to achieve global food security and economic stability.
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