Iraq has declared force majeure on its oilfields. Military operations have disrupted navigation through the Strait of Hormuz. This has halted most of Iraq's crude oil exports. Storage capacity is reaching its limits. The country's oil minister stated producti…
BAGHDAD: Iraq has declared force majeure on all oilfields developed by foreign oil companies after military operations in the region disrupted navigation through the Strait of Hormuz, halting most of… [+2103 chars]
