https://www.taxtmi.com/news?id=71384 Reciprocal force majeure notices have been issued following attacks that prevent LNG tankers transiting the Strait of Hormuz, excusing non performance by the exporter and importer and prompting the importer to issue corresponding notices to downstream offtakers; the supply shortfall has reduced contracted gas availability for industrial and city gas distribution consumers, who seek confirmation on continued allocations while market participants assess costly spot replacements and insurance exclusions for acts of war. en-us Wed, 04 Mar 2026 15:01:05 +0530 Wed, 04 Mar 2026 15:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71384 Reciprocal force majeure notices have been issued following attacks that prevent LNG tankers transiting the Strait of Hormuz, excusing non performance by the exporter and importer and prompting the importer to issue corresponding notices to downstream offtakers; the supply shortfall has reduced contracted gas availability for industrial and city gas distribution consumers, who seek confirmation on continued allocations while market participants assess costly spot replacements and insurance exclusions for acts of war. News - Wed, 04 Mar 2026 15:01:05 +0530 https://www.taxtmi.com/news?id=71384