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Force Majeure explained: Why Gulf countries are invoking the rule amid Middle East crisis?

Bankdekho.Com 11:39
Gulf energy producers are invoking force majeure after conflict with Iran disrupted shipping through the Strait of Hormuz, preventing them from fulfilling gas export contracts. The move has tightened global LNG supplies, pushed oil and gas prices higher, and forced import-dependent countries to scramble for alternative energy sources.

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