Through the Strait: Safe Harbour, Force Majeure and related issues for commercial contracts

27 March 2026

Uncertainty affecting transit through the Strait of Hormuz is significantly impacting the flow and stability of global supply chains. With nearly 20% of the world’s oil and gas moving through the Strait, current events have created immediate and significant challenges for upstream producers, downstream buyers and the wider energy ecosystem. These effects are extending into adjacent sectors including mining, transport, logistics, aviation and manufacturing, where companies are already dealing with tighter operating conditions and mounting uncertainty. 

This paper sets out ten practical considerations for businesses and their advisors as they navigate this period of heightened operational risk.

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