US-Israel-Iran war: From Bahrain’s Bapco to India’s MRPL, here’s a list of firms invoking force majeure

The ongoing conflict involving the US, Israel, and Iran has prompted several energy companies to invoke force majeure clauses, allowing them to suspend contracts due to war-related disruptions. Notable firms such as Bahrain's Bapco Energies, QatarEnergy, and Kuwait Petroleum Corporation have been affected. This escalation in hostilities has led to significant disruptions in oil, gas, and petrochemical supplies across the Middle East and Asia, creating ripple effects in global energy markets. The invocation of force majeure serves as a legal safeguard for these companies, enabling them to mitigate losses and manage contractual obligations in the face of unforeseen circumstances. As the situation evolves, the impact on energy prices and supply stability will be closely monitored by stakeholders worldwide, including in India, where firms like Mangalore Refinery and Petrochemicals Limited (MRPL) could also feel the repercussions of these developments.