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Maritime insurers cancel war risk cover in Gulf: Will it spike energy cost?
Insurers announced they were cancelling war risk coverage after the IRGC said the Strait of Hormuz was 'closed'.
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arabnews.com
Marine insurance companies are considering canceling, repricing policies in the Middle East
RIYADH: Marine insurance companies are considering canceling or repricing policies in the Middle East, according to the Financial Times This comes after the US and Israeli strikes…
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CMA CGM, global carriers suspend Gulf transits on security fears
RIYADH: Shipping and logistics across the Middle East were disrupted after major carriers halted routes and ordered vessels to seek shelter following joint US-Israeli attacks on…
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theguardian.com
Oil prices jump as Iran war threatens shipping through strait of Hormuz
Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption
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Supply chains reel as carriers halt Gulf routes and impose war risk surcharges in response to Iran-US conflict
RIYADH: Global supply chains were disrupted on March 2 as the US-Iran conflict forced shipping lines and airlines to suspend routes, reroute traffic, and impose emergency…
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cnbc.com
The Strait of Hormuz crisis explained: What it means for global shipping
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
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lemonde.fr
Middle East conflict drives up oil prices
Oil prices soared at the opening of the markets on Monday as traffic through the Strait of Hormuz, a vital artery for the movement of crude oil, faces serious disruption.
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Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping
Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging
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CNBC Daily Open: Markets digest U.S.-Iran war as conflict spreads
The escalating war in the Middle East has ratcheted up fears of prolonged disruption to global trade via key maritime corridors.
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aljazeera.com
Shutdown of Hormuz Strait raises fears of soaring oil prices
Consumers are set to pay higher prices, but US producers could benefit, analysts say.
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Global oil, gas shipping costs surge as Iran vows to close Strait of Hormuz
SINGAPORE: Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the US-Iran conflict intensified after Tehran targeted…
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Oil supertanker rates hit all-time high as Iran pledges to close the Strait of Hormuz
The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
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upi.com
Iran conflict: Global oil, gas prices surge on supply disruption fears - UPI.com
The price of crude oil rose to $80 a barrel and the price of natural gas jumped 30% after Iran effectively sealed off the strategic Strait of Hormuz.
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Maritime insurers cancel war risk cover in Gulf: Will it spike energy cost?
Insurers announced they were cancelling war risk coverage after the IRGC said the Strait of Hormuz was 'closed'.
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usatoday.com
You may pay more for gas after Iran closes Strait of Hormuz oil route
The Strait of Hormuz is the narrowest point in the Persian Gulf and a vital link for oil shipments. See where it is and what could happen next.
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With the Strait of Hormuz blocked, regional trade disruptions could ripple across the globe
Following US-Israeli strikes on Iran, maritime traffic in the Persian Gulf has ground to a halt. These disruptions risk causing congestion at Asian ports.