
LIVE UPDATES: Crude oil price jumps more than 30%; Bahrain's Bapco Energies declares force majeure
The Peninsula
Doha, Qatar: Oil prices spiked to nearly $120 per barrel before falling back slightly on Monday as Iran continued its attacks on several Arab countrie...
Doha, Qatar: Oil prices spiked to nearly $120 per barrel before falling back slightly on Monday as Iran continued its attacks on several Arab countries, threatening production and shipping in the Middle East and pummelling financial markets.
Bahrain News Agency reported that Bapco Energies, the Kingdom of Bahrain’s integrated energy company, serves notice of Force Majeure on its Group operations which have been affected by the on-going regional conflict in the Middle East and the recent attack on its refinery complex.
Gulf nations reported missile and drone attacks Monday, while Iran pressed on with strikes against neighbouring countries.
Qatar, the United Arab Emirates, Saudi Arabia and Bahrain all reported new attacks, after loud explosions were heard
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