Iranian strikes force Bahrain’s Bapco to invoke force majeure: What it means

Bahrain’s National Oil Company (Bapco) has declared a force majeure due to missile strikes from Iran that have affected its operations. The term “force majeure” refers to unforeseen circumstances that prevent a party from fulfilling contractual obligations. This announcement underscores the impact of regional tensions on the oil sector and indicates potential disruptions in production and exports. Further details regarding the implications for Bapco’s operations and the wider oil market are expected to emerge as the situation develops.