Countries Propose Safe Corridor to Free 20,000 Seafarers Stranded in Gulf March 19, 2026 By Jonathan Saul A proposal from the UN’s shipping agency on Wednesday calls for a safe maritime corridor to free some 20,000 seafarers...
Gulf Banks Face $307 Billion Deposit Flight Risk if War Worsens, S&P Says March 18, 2026 By Hadeel Al Sayegh and Federico Maccioni Gulf banks could face domestic deposit outflows of $307 billion if the Middle East conflict deepens, S&P Global Ratings said....
Hormuz Reopening Looks Unlikely Without a Ceasefire in Iran War March 18, 2026 By Peter Martin, Grant Smith and Weilun Soon US President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He...
IMO Chief Says Naval Escorts Won’t Guarantee Ship Safety Through Strait of Hormuz: FT March 17, 2026 The head of the International Maritime Organization has said that naval escorts through the Strait of Hormuz will not “100...
Hormuz Escape Route Suggests Ships Navigate on Iran’s Terms March 17, 2026 By Weilun Soon and Alex Longley A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing...
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks March 17, 2026 By Alex Longley Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according...
US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover March 16, 2026 By L.S. Howard The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is...
Why Is it so Easy for Iran to Shut the Strait of Hormuz? March 16, 2026 By Sarah Young and John Irish Following through on an old threat, Iran has effectively closed the Strait of Hormuz, cutting off a vital waterway that...
Iran Has Likely Begun Laying Mines in Hormuz, UK Minister Says March 12, 2026 By Ellen Milligan and Gerry Doyle It’s becoming increasingly evident that Iran is laying mines in the Strait of Hormuz, according to the UK, as Iran’s...
World Faces Largest-Ever Oil Supply Disruption on Middle East War, IEA Says March 12, 2026 By Alex Lawler The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said...