In a new warning reflecting the magnitude of the challenges facing the global economy, the International Energy Agency (IEA) announced on Friday (September 11, 2026) its expectation that the "deficit" phenomenon in oil supplies to global markets will continue into next year.
Direct Repercussions on the Business Sector:
Decline in Supplies: The agency recorded a sharp drop in global supply amounting to approximately 95 million barrels over the past month, imposing unprecedented pressures on supply chains.
Contractual Obligations and Force Majeure: With expectations of the crisis worsening due to ongoing tensions in the Middle East and the delayed recovery of Gulf exports, companies are facing difficulties in fulfilling delivery contracts. This necessitates a review of legal clauses and the activation of "Force Majeure" mechanisms.
Resolving Commercial Disputes: Under these exceptional circumstances, the role of commercial arbitration emerges as an effective legal tool for settling disputes between supplying and importing companies, away from the complexities of traditional litigation.
We at Ayman Mahdi Al-Jubouri & Partners work to provide legal protection for our clients by drafting flexible contracts that keep pace with these challenges and offering precise consultations to navigate global supply chain crises.
