Kuwait Petroleum Corporation (KPC), a state-owned company,  has offered prompt-loading fuel products on the spot market for the first time since the outbreak of the Iran war, four sources familiar with the matter revealed, according to Reuters.

Separately, KPC was offering 4 million barrels (mmbbl) of crude through a tender, with the cargo sourced outside the Persian Gulf and directed to buyers in Asia, according to a fifth source with direct knowledge of the matter.

The state firm offered at least one 90,000‑ton (670,500‑barrel) cargo of 10 ppm sulfur gasoil and another 55,000–60,000‑ton (489,500–534,000‑barrel) cargo of naphtha for June loading through private negotiations, three sources said.

It was not clear whether any transactions had been concluded.

The force majeure declared by KPC on exports in March remains in effect, the sources said.

Buyers were given the option to lift the fuel cargo via ship‑to‑ship transfers in locations outside the Strait of Hormuz, including India’s west coast and Sohar in Oman, the sources said.

There was also an option to load the cargo from Fujairah tanks, one of the four sources said.

KPC’s naphtha exports rebounded in May to more than 40,000 tons, after shipments were halted in March and April, according to global data and analytics company Kpler’s ship‑tracking data.

Term deliveries of naphtha are expected to begin in July, according to two separate sources who are KPC offtakers.

KPC last sold a spot diesel cargo in January through a sales tender, Reuters records showed, while ship‑tracking data indicated exports fell to five‑year lows in March and April.

KPC has chartered the Hafnia Despina to load about 90,000 tons of refined fuels via ship‑to‑ship transfer off India’s west coast between June 17 and 19, bound for either Singapore or northwest Europe, according to data from two shipbroking sources.