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...
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...
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...
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...
EU Seeks G7 Coordination on Maritime Services Ban on Russian Seaborne Oil February 26, 2026 By Aigerim Turgunbaeva The European Union needs to coordinate its plan to impose a full maritime services ban on Russia’s seaborne crude oil...
EU’s Russia Sanctions Hit Roadblock Put Up by Hungary, Slovakia February 24, 2026 By Max Ramsay and Daniel Hornak The European Union failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia halted the measures,...