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CommoditiesMediumUpdated•Originally published 2 March 2026•Updated 2 March 2026•

1 min read

Chevron Declares Force Majeure at Leviathan Field Amid Israel-Iran Escalation

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Key Facts

1Chevron declared force majeure at the Leviathan natural gas and condensate field offshore Israel.

3 months ago

Version History

Version 13 months ago

What changed: The story was updated to include geopolitical context regarding the retaliatory strikes between Israel and Iran, noting this is the second disruption within a year.

Chevron has suspended operations and declared force majeure at the Leviathan gas field following a direct mandate from Israel’s Ministry of Energy. The shutdown is linked to heightened security concerns after joint U.S.-Israeli strikes on Iran and subsequent regional retaliation. This marks the second time in less than a year that hostilities involving Iran have disrupted critical Eastern Mediterranean gas flows. Chevron was directed to shut in the field following specific guidance from security authorities to mitigate risks to offshore infrastructure. As a vital energy source for Israel, Egypt, and Jordan, the suspension threatens regional supply stability and may drive up TTF Gas prices. Shares of field partners, including NewMed Energy and Ratio Energies, are expected to face volatility as geopolitical instability continues to impact global energy assets.