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force majeure
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Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)world15 days agoUpdated
Kuwait Declares Force Majeure on Oil Shipments Amid Strait of Hormuz Blockade
Kuwait has invoked force majeure on shipments of crude oil and refined products due to a blockade in the Strait of Hormuz that has hindered vessel access to the Persian Gulf. The state-run Kuwait Petroleum Corp. notified customers of the decision, which is not expected to complet…
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Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)finance24 days ago
Emirates Global Aluminum Declares Force Majeure on Contracts After Iranian Strikes on Smelter
Emirates Global Aluminum (EGA), the largest aluminum producer in the Gulf, declared force majeure on parts of its contracts following Iranian missile and drone strikes that halted operations at its Al Taweelah smelter. The company, which produced 2.83 million tons of aluminum in…