Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged March 3, 2026 By Jonathan Saul, Emily Chow and Jeslyn Lerh Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts...
Drone Strikes Damage Amazon Data Centers in the UAE and Bahrain March 3, 2026 By Aaron Clark Amazon.com Inc.’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its...
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition March 2, 2026 By L.S. Howard Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire...
Amazon’s AWS Reports Outage After UAE Data Center Struck by ‘Objects’ March 2, 2026 By Shubham Kalia and Aditya Soni Amazon’s cloud-computing facilities in the Middle East faced power and connectivity issues on Monday after unidentified “objects” struck its data...
Insurers Urge Australia to Launch $21 Billion Flood Defense Fund March 2, 2026 By David Stringer Insurers in Australia are urging legislators to set up a A$30 billion ($21.4 billion) flood defense fund as the nation...
Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals March 2, 2026 By Bei Hu, Betty Hou and Cathy Chan Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran...
Travel Chaos Worsens as Iran Conflict Shuts Mideast Airports March 2, 2026 By Leen Al-Rashdan Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the...
Waiting for Hormuz, More Oil Tankers Gather in the Persian Gulf March 2, 2026 By Weilun Soon Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have...
Belgium Seizes Suspected Russian Shadow Fleet Tanker March 2, 2026 Belgium seized an oil tanker belonging to the Russian shadow fleet on Sunday and suspected of sailing with a “false...
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates March 2, 2026 By Emily Chow and Jeslyn Lerh Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the...