War Risk Premium

Oil tankers in the Strait of Hormuz are increasingly disabling AIS signals and using anti-drone defenses due to geopolitical risks

Oil tanker freight rates have reached record levels due to a recent wave of attacks on shipping during the US-Iran conflict

US-facilitated transits through the Strait of Hormuz have enabled Persian Gulf crude exports to exceed 10 million barrels per day

Saudi Arabia has approved a national marine war-risk insurance pool to enhance trade continuity and supply chain resilience

European crude oil imports are rising, with Brent prices topping $100 after Strait of Hormuz attacks.

Houthi forces have seized Yemen's port city of Mocha and advanced to strategic islands along the Red Sea coast

New US sanctions target Iran, intensifying economic pressure and raising concerns for maritime security in the Strait of Hormuz

Global Shippers Forum seeks more transparency from ocean carriers on Red Sea transit safety amid ongoing security risks.

Maersk has implemented an emergency freight surcharge on shipments to and from Upper Gulf ports due to rising security risks.

Houthi militants have reportedly captured the port city of Mocha, potentially threatening the Bab el-Mandeb Strait

IBIA condemns attacks on commercial shipping after a fatal incident involving a bunker tanker near Dubai, emphasizing seafarer safety.

Disruptions in the Strait of Hormuz could severely impact SMEs, which account for 70% of global employment, UNCTAD warns

Oil trading complexity, including shipping and compliance risks, is becoming structural, impacting forwarders' operations and costs

Conflicts in the Bab al-Mandeb and Strait of Hormuz are severely impacting global shipping operations and costs.

Four maritime regions are simultaneously active danger zones, posing unprecedented risks to global shipping and seafarers.

Qatar and the UAE are using ship-to-ship transfers to bypass Hormuz disruptions and maintain LNG exports.

Kuwait Petroleum Corporation is expanding its shipping fleet to manage supply chain risks from US-Iran geopolitical tensions.

Wheat futures dropped as traders weighed diplomatic efforts against ongoing Black Sea export disruptions from the Ukraine conflict

An Iraqi oil tanker was reportedly struck by a drone in Iraqi territorial waters, with other merchant vessels also affected

Houthi forces attacked Saudi oil sites and airports, prompting Saudi retaliation and signaling a potential escalation

Iran claims missile attacks on a US base in Jordan and ships in the Strait of Hormuz, escalating Middle East tensions

US forces destroyed five Iranian crude oil tankers after the IRGC targeted a US Navy warship with ballistic missiles.

Iran warns of a potential maritime exclusion zone in the Persian Gulf, escalating regional tensions and impacting shipping

US Central Command reportedly disabled three Iran-linked crude oil tankers in the Strait of Hormuz, escalating Middle East tensions

Increased demand from the US Gulf, Brazil, and West Africa is tightening Atlantic tanker capacity, boosting VLCC premiums.

Oil prices rose as Brent crude neared $100/bbl after Iran's threat to Gulf energy infrastructure, raising supply disruption fears

Ten Filipino seafarers refused to transit the Strait of Hormuz on a Liberian-flagged general cargo ship.

Geopolitical risks are causing a disconnect in VLCC freight rates, despite softening demand and increased vessel availability

VLCC rates from the US Gulf Coast hit record highs due to tight Atlantic tonnage and strong global market conditions.

US-Iran conflict escalated with new attacks on vessels in the Strait of Hormuz, impacting regional stability and shipping.