Iran Attacks Bahrain Refinery, Bapco Declares Force Majeure
Analysis based on 8 articles · First reported Mar 09, 2026 · Last updated Mar 09, 2026
The attack on Bapco Energies' refinery and subsequent force majeure declaration, coupled with similar actions by QatarEnergy and Kuwait, has significantly disrupted global energy supplies. This has led to a sharp surge in Brent Crude oil prices, reflecting increased market volatility and concerns over regional stability.
Bahrain's state oil company, Bapco Energies, declared force majeure on its oil shipments after an Iranian attack set its Al-Ma'ameer refinery ablaze. This legal maneuver releases the company from contractual obligations due to extraordinary circumstances, though Bapco Energies stated it could still meet domestic demand. The attack caused a fire and material damage to the modernized refinery, which has a capacity of up to 380,000 barrels per day. This incident is part of a wider Iranian campaign against Gulf energy infrastructure, following similar force majeure declarations by QatarEnergy and Kuwait. The escalating regional conflict has also seen Iran target residential areas and a desalination plant in Bahrain. Brent Crude oil prices surged to over $114 a barrel, a 60% increase since initial attacks on Iran by Israel and the United States, reflecting significant market concern.
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