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...
Missile Fire Hinders Middle East Rescue Flights as Airspace Edges Open March 6, 2026 By Julie Zhu and Federico Maccioni Emirati airlines resumed some flights to global cities from the war-hit Gulf on Friday, but a Lufthansa jet that was...
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...
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...