What is force majeure and why are some Gulf countries invoking it?

🌐 Al Jazeera (QA) —

AI Summary

Several Gulf energy-producing countries have invoked force majeure clauses on oil and gas shipments following disruptions to shipping routes. The article explains the legal concept of force majeure and its implications for energy supply contracts. The situation highlights vulnerabilities in Gulf energy export infrastructure amid regional instability.

Several Gulf energy producers have declared force majeure on oil and gas shipments after disruptions to shipping.

World Politics Markets Commodities Energy Shipping force majeure Gulf states oil exports gas shipments shipping disruption energy supply Middle East

Read original source →