World’s Farmers See Fertilizer Price Surge as Iran War Blocks Exports March 6, 2026 By Naveen Thukral and Ed White The world’s farmers face soaring fertilizer and fuel prices as the war in the Middle East escalates, leaving some scrambling...
Maritime Insurance Premiums Surge as Iran Conflict Widens March 6, 2026 By Noor Zainab Hussain and Manya Saini As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging — in some cases by...
Reinsurers Triple Ship Insurance Costs After US Torpedo Attack March 6, 2026 By Mihir Mishra and Saikat Das London-based reinsurers of ships are canceling their coverage of war risk and demanding 200% more to reinstate policies, according to...
More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region March 6, 2026 By Jonathan Saul and Anna Hirtenstein More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan,...
Strait of Hormuz Shipping Is at Near-Total Halt, JMIC Says March 6, 2026 By Serene Cheong Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in...
Seafarers Can Refuse to Sail Through Mideast Gulf Region, Main Union Says March 6, 2026 Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf, including the Strait of...
India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says March 5, 2026 By Nidhi Verma and Krishna N. Das India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East,...
Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say March 5, 2026 The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide...
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...