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 and Kuwait, have invoked force majeure on oil and gas exports after attacks, shipping disruptions and infrastructure risks caused by the ongoing war.
What exactly does force majeure mean? Why are countries using it now and why does it matter for global energy markets? Read on as we give you a simple breakdown of the concept and its global implications.
