Bahrain’s oil company Bapco declares force majeure following explosion
Bahrain's Ministry of Health confirmed that the Iranian drone attack early Monday morning in the Sitra area resulted in 32 civilian injuries, including four in serious condition, the news agency reported. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Bahrain's national oil company, Bapco Energies, has declared a force majeure on its operations following an Iranian drone attack on its refinery early Monday morning. While local demand remains secured, the attack resulted in civilian injuries.
- 32 civilian injuries were confirmed, with four in serious condition.
- The involved entity is Bapco Energies, Bahrain's integrated energy company.
- The attack occurred in the Sitra area and is part of ongoing regional conflict, with Bahrain having destroyed numerous ballistic missiles and drones since February 28.
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Stock Markets Slump as Oil Prices Surge Over Strait of Hormuz Fears - March 2026
Global stock markets have significantly declined while oil prices surged above $100 a barrel due to escalating fears of supply disruptions through the Strait of Hormuz amid the ongoing US-Israeli conflict with Iran. Asian governments are moving to cap fuel prices in response to surging global oil costs, exacerbated by the US-Israel war with Iran. Bahrain's national oil company, Bapco Energies, has declared a force majeure on its operations following an Iranian drone attack on its refinery early Monday morning, resulting in civilian injuries while local demand remains secured. Meanwhile, G7 nations are convening an emergency meeting to address the economic fallout from the escalating conflict, which has sent oil prices soaring and stock markets plummeting.
