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What is force majeure and why have some Gulf countries invoked it during the Iran vs US-Israel war? As the Middle East conflict between Iran, the United States and Israel intensifies, a legal term rarely discussed outside corporate boardrooms has suddenly become headline news and that is force majeure. Several Gulf energy producers, including Qatar,…
Bahrain’s state oil company on Monday declared force majeure on its shipments after Iranian strikes in the region set the largest oil facility on fire, escalating tensions across the Gulf’s vital energy corridor.Bapco said all domestic market needs remain fully secured and supplies will continue without disruption, supported by proactive contingency plans. US Base Attacked…
India’s top gas importer Petronet LNG has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in West Asia, it said in an exchange filing on Wednesday.The US-Iran conflict has disrupted fuel shipments in the region. Transit…
