Are you obliged in this situation, to yield the right of way to the oncoming vehicle before overtaking?

In the visible situation, your lane is blocked by a stationary vehicle, and another car is approaching from the opposite direction. Passing the obstacle would require entering the lane intended for the opposite direction, which would force the oncoming vehicle to yield its right of way. Therefore, you are obliged to refrain from the manoeuvre and give way to the oncoming vehicle, maintaining the safety requirements set out in Art. 23 para. 1 pt. 2.