Iraq declares force majeure on foreign-operated oil fields over Hormuz disruption, sources say

Iraq declares force majeure on foreign-operated oil fields over Hormuz disruption, sources say Iraq has declared force majeure on all oil fields developed by foreign oil companies, as military operations in the region have disrupted navigation through the Strait of Hormuz, preventing most of the country's crude exports from moving, oil ministry sources said. Declaring force majeure excuses a party from fulfilling its obligations due to "superior force" - specifically, war, hostilities, military actions, or related