World

⚡Force Majeure Explained: Why Global Energy Firms Are Invoking the Clause Amid Iran War

By Team Latestly

"Force majeure," meaning "superior strength", is trending as Gulf energy firms invoke the legal clause to suspend oil and gas shipments due to the Iran-Israel-US conflict. With the Strait of Hormuz blocked and infrastructure damaged, the move protects companies from breach-of-contract penalties but has driven Brent crude prices past USD 114.

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