Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo March 5, 2026 By Allison Lampert , Lisa Baertlein, Julie Zhu and Tim Hepher Shipments ranging from fresh produce to airplane parts are in limbo as Middle East conflict squeezes cargo capacity and pushes...
Oil Tanker Suffers Explosion as Risks Spread Wider Into Gulf March 5, 2026 By Weilun Soon, Alex Longley and Rakteem Katakey An oil tanker suffered an explosion off the coast of Iraq which damaged a tank that is losing water, signaling...
London Marine Insurers Still Offering Middle East Cover as War Risk Rates Rise: Broker March 5, 2026 By Noor Zainab Hussain and Manya Saini Marine insurers in the London market continue to offer cover in the Middle East, despite rising war risk premiums driven...
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations March 5, 2026 By K. Oanh Ha As the war in Iran grounds flights worldwide, hundreds of thousands of travelers scrambling to get home are discovering a...
Marsh, Aon in Talks With US on Insuring Tankers in Hormuz March 5, 2026 By Leonard Kehnscherper and Alexandre Rajbhandari Marsh and Aon Plc, two of the world’s largest insurance brokers, are in talks with the US government on a...
Small Container Ship Abandoned After Being Hit in Hormuz March 4, 2026 By Alex Longley, Weilun Soon and Anthony Di Paola A container vessel was abandoned after being hit while transiting the Strait of Hormuz, a UK naval group said, as...
Gulf Shipping Crisis Deepens as Tankers Stranded for Fifth Day, US Sinks Iranian Warship March 4, 2026 By Yousef Saba, Jonathan Saul and Anna Hirtenstein The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis...
NATO Shoots Down Iranian Ballistic Missile Headed for Turkey March 4, 2026 By Selcan Hacaoglu and Firat Kozok The North Atlantic Treaty Organization on Wednesday shot down a ballistic missile fired from Iran and headed toward Turkish airspace,...
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say March 4, 2026 By Weilun Soon, Ruth Liao and Serene Cheong President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees...
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships in Gulf March 4, 2026 By Jarrett Renshaw and Timothy Gardner The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on...