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...
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...