What does force majeure mean? Why Bahrain’s Bapco declared it amid rising crude oil prices and can it disr

Bahrain's state oil company, now under Bapco Energies, has declared force majeure for its shipments after an Iranian attack set its refinery ablaze. The term force majeureis invoked when extraordinary circumstances prevent a company from fulfilling contractual obligations, such as shipping or supply commitments. There are chances that force majeure might disrupt the global oil supply.