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

Iraq has declared force majeure on all oilfields developed by foreign oil companies. The declaration follows military operations that have disrupted navigation through the Strait of Hormuz. This disruption has prevented most of Iraq’s crude exports from moving, according to sources from the oil ministry.

The force majeure declaration applies to oilfields operated by foreign companies. The military operations in the region have affected export activities through the maritime route. These developments have directly impacted Iraq’s ability to export crude oil.