Kuwait's KPC signs $16 billion oil pipeline deal amidst ongoing regional attacks and collapsed US-Iran truce.

Kuwait Petroleum Corporation (KPC) has finalized a $16 billion lease and leaseback deal for its oil pipeline network. This development occurs as Iran continues to attack infrastructure in Kuwait and other regional areas, following the collapse of an interim truce between the U.S. and Iran last month, highlighting persistent geopolitical risks to oil supply.