Israel–Iran Conflict

Vessel traffic in the Strait of Hormuz declined after an Iranian attack on a Taiwanese-operated ship, raising regional tensions

Crude oil prices fell sharply as supply concerns eased with increased tanker traffic through the Strait of Hormuz.

Oil prices rose after a commercial vessel was reportedly struck in the Strait of Hormuz, highlighting regional shipping risks

Global base oils markets face a prolonged recovery due to supply constraints and geopolitical tensions, especially for Group III.

Norden's first chartered vessel has safely left the Persian Gulf after recent disruptions in the Strait of Hormuz.

BIMCO emphasizes the need for clear US-Iran maritime agreements after a drone strike in the Strait of Hormuz.

Crude oil prices fell as Middle East supply concerns eased, leading to a drop in China's petrochemical futures.

IMO pauses Persian Gulf crew evacuations after a containership attack, heightening regional maritime security concerns

Geopolitical tensions are introducing significant volatility into the Middle East's offshore support vessel market.

Tensions between Iran and Oman are increasing as the IMO considers a Persian Gulf exit plan, signaling maritime security concerns

Saudi Arabia is reactivating crude oil loading at its significant Ras Tanura terminal, signaling a broader resurgence of Middle Eastern…

The IMO's plan to evacuate 11,000 seafarers from the Strait of Hormuz has gained support from BIMCO.

IUMI welcomes the US-Iran MoU and Iran-Oman working group, aiming to boost maritime security in the Strait of Hormuz.

Iran's IRGC has warned ships against using a southern Strait of Hormuz route after Oman released new transit guidelines.

Allianz reports $125 billion in vessel and cargo value exposed in the Persian Gulf as of mid-June 2026

Iran's IRGC Navy has rejected the IMO's safe passage plan for the Strait of Hormuz, raising maritime security concerns

War risk insurance is available for Strait of Hormuz transits, though security and legal challenges still hinder normal maritime traffic

Recent tensions in the Strait of Hormuz highlight the critical need to prioritize seafarer welfare in maritime contingency planning

Maritime security concerns are escalating in the Black Sea and Strait of Hormuz, impacting vessel operations and insurance costs

Ocean freight spot rates are expected to increase for another month, with vessels fully booked until July, per Xeneta.

The Strait of Hormuz reopening has boosted oil supply, leading to weaker markets in Europe and Asia.

Three oil tankers carrying 5 million barrels of crude have departed the Strait of Hormuz, increasing global supply

A supertanker operator booked a vessel from the Persian Gulf to India at nearly nine times the benchmark rate, reflecting a severe vessel…

Marine insurers are cautiously welcoming diplomatic efforts in the Strait of Hormuz amidst ongoing uncertainty over its management.

The IMO has directed thousands of ships in the Persian Gulf to hold position as it begins evacuating stranded seafarers

Fertilizer exports through the Strait of Hormuz have recovered to nearly 530,000 tons weekly after significant disruption

UAE oil exports rebounded to 85% of pre-Iran conflict levels in early June, leveraging pipelines and alternate routes.

The Versailles MOU has dramatically shifted maritime risk, causing Brent crude prices to fall 30% to $77.

Geopolitical uncertainties, especially regarding the Strait of Hormuz, are expected to maintain volatility in container shipping.

Oman introduced two temporary shipping lanes near the Strait of Hormuz to facilitate safe vessel passage without tolls