War Risk Premium

A Russian civilian vessel, owned by Rosatom, sank in the Black Sea following a Ukrainian drone attack

An LNG carrier was struck in the Strait of Hormuz, indicating renewed Iranian attacks on vessels near the Omani coast

Ongoing disruptions in the Strait of Hormuz have caused a notable shift in global VLCC crude oil trade patterns.

Strait of Hormuz vessel traffic is limited due to US and Saudi Arabian strikes on Iranian proxy groups after Iranian attacks on US forces

Geopolitical tensions in the Middle East escalated, leading to renewed military actions and potential impacts on maritime shipping.

Middle Eastern exporters are adapting tanker operations amidst ongoing regional conflict, affecting crude and product flows.

Russian grain lobby warns Ukrainian drone attacks could soon halt Black Sea grain exports, impacting global prices and food security

Oil shuttling in the Strait of Hormuz has resumed with increased frequency, moving millions of barrels as Middle East tensions rise

South Korean oil refiners are looking into Venezuelan crude imports due to Middle East shipping disruptions.

Two VLCCs departed the Strait of Hormuz, with ship-tracking data showing sparse traffic in the critical waterway

Attacks on commercial vessels in critical waterways are disrupting global trade, increasing costs, and altering shipping routes

Wheat prices climbed over 3% as escalating Russia-Ukraine hostilities disrupt Black Sea grain exports

Gulf stock markets fell as U.S. military actions against Iranian targets heightened regional tensions.

Saudi Arabia proposes a new multinational maritime defense coalition to protect Red Sea shipping lanes from Houthi attacks

Saudi Arabia plans a multinational maritime defense coalition to protect Red Sea shipping after Houthi attacks disrupted trade

Shipping traffic in the Strait of Hormuz and Bab el-Mandeb has risen, reflecting how vessels are navigating security challenges

Thirteen Indian seafarers are reportedly trapped on the MV AMIR1 at Chornomorsk port amid intensifying Russian drone strikes

The JWC has expanded its Red Sea high-risk zone to Jizan, while Lloyd's suspends insurance for Saudi tankers

Saudi Arabia's crude oil rerouting due to Houthi actions is tightening tanker supply and driving up freight rates.

India advocates for immediate de-escalation in West Asia and condemns attacks on commercial vessels in the Strait of Hormuz

Indian oil importers are strategizing for Q4 crude procurement amid heightened concerns over Strait of Hormuz and Bab al-Mandab disruptions

Iraq's crude oil exports fell to around 500,000 bpd in May and June due to the Strait of Hormuz closure

Egypt's cabinet confirmed a drone strike caused a fire on two gas vessels at Damietta port, indicating an attack.

Suez Canal revenues have sharply declined due to persistent Red Sea shipping disruptions and Houthi threats to global trade.

Oil prices rose after US and Saudi strikes in Iraq, with Middle East tensions and US inventory draws supporting the increase

Explosions at an Egyptian LNG port, with a U.S.-owned tanker hit by a drone, signal potential conflict expansion

Russian forces reportedly struck two vessels carrying military equipment to Ukrainian ports near Odesa, and a fuel storage facility.

The U.S. Treasury Department sanctioned two entities for allegedly extorting commercial vessels in the Strait of Hormuz.

INTERCARGO urges better protection for merchant vessels and crews amid rising attacks on commercial shipping.

ADNOC is continuing LNG exports from its Persian Gulf plant despite regional tensions affecting Strait of Hormuz traffic.