Anonymous25 days ago
Bahrain's state oil company Bapco Energies declared force majeure after Iranian drones and missiles set the nation's sole refinery ablaze on March 9, 2026 — becoming the third Gulf state in nine days, following Qatar and Kuwait, to invoke the clause as Iran's retaliatory campaign against regional energy infrastructure intensifies. The cascading disruptions, combined with the effective closure of the Strait of Hormuz, have driven oil prices past $110 per barrel and threaten to remove roughly 20% of global oil supply from the market, with analysts warning of far worse to come if the US-Iran war continues.