Force Majeure Spreads Across Global Commodities as Iran war Disrupts Supply Chains

2026-03-09 11:25:00 ET

Force majeure declarations are beginning to ripple across the global commodities sector as the escalating conflict in the Middle East threatens to spread shocks beyond oil and gas.

Energy companies, producers and traders are already grappling with interruptions to shipments through the Strait of Hormuz, the narrow waterway linking the Persian Gulf to global markets.

The strait typically carries roughly one-fifth of the world’s oil and liquefied natural gas (LNG) supply, making it one of the most important chokepoints in global commodities trade.

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