War Risk Premium

Shipowners have suspended access to Ukrainian ports due to concerns over Russian attacks, impacting Black Sea trade.

The Iran conflict has reportedly broadened to include the Red Sea and Caspian Sea, despite a pause in US airstrikes

An international cargo vessel sank off Odesa, Ukraine, a week after being hit by Russian forces, underscoring Black Sea shipping risks

The U.S. military engaged a merchant vessel attempting to breach its blockade of Iranian ports amid ongoing regional tensions

Three maritime clashes between China and the Philippines in the South China Sea have escalated tensions, with US presence increasing

Houthi militants targeted Saudi oil facilities in two Red Sea port cities, escalating regional tensions and maritime security concerns

Saudi Arabia told the UN Security Council that Houthi claims of blockading Yemeni ports and airports are misinformation.

Shipping risks in the Strait of Hormuz remain high, with reduced AIS traffic and elevated war-risk premiums impacting operations

Oil prices climbed above $100 per barrel after Houthi forces attacked two Saudi tankers in the Red Sea.

Tanker crossings in the Strait of Hormuz reached a two-month low amidst regional shipping risks and rising oil prices

Iran's military command warns of blocking all West Asian oil exports and targeting energy infrastructure if the US attacks.

Two Chinese supertankers carrying Saudi oil exited the Red Sea via the Bab el-Mandeb strait, navigating Houthi threats

Saudi oil tankers face a $5 million per shipment surcharge due to Houthi attacks forcing reroutes around Africa.

Ocean freight rates from South Asia to the US and Europe surged by 50% in two weeks due to capacity cuts and Hormuz tensions

Attacks on Black Sea grain infrastructure have driven wheat prices to a two-year high, impacting global commodity markets

Wheat futures experienced mixed trading as Black Sea attacks raised supply concerns, balanced by profit-taking.

The IMO has strongly condemned recent Houthi attacks targeting international shipping in the Red Sea region.

Saudi Aramco is offering extra crude cargoes from Egypt's Sidi Kerir port due to Houthi threats in the Red Sea.

Marine insurance costs for southern Red Sea transits have doubled for some companies after recent Houthi attacks on a tanker

Former President Trump threatened military action against Iran after Houthi forces attacked Saudi oil tankers in the Red Sea.

Maersk adds a $1,000 per container surcharge for all cargo transiting the Strait of Hormuz, effective July 23, 2026

Four tankers carrying Kazakh crude oil were struck by drones in the Black Sea over a four-day period.

South Korea is considering the Suez Canal as an emergency crude oil import route if the Red Sea faces a full blockade.

Oil prices climbed for a fifth straight session following Houthi militant attacks on Saudi tankers in the Red Sea.

Iran warns of regional oil sales halt if its exports are blocked, linking security to US forces' withdrawal

A Saudi tanker was reportedly set ablaze in the Red Sea after a Houthi attack, escalating maritime security concerns.

The Houthi movement claims to have resumed direct attacks on commercial shipping, targeting two Saudi oil tankers.

Renewed tensions in the Strait of Hormuz are causing shipping companies to re-evaluate payment strategies for maritime operations

Abu Dhabi is investing $6.2 billion in the Umm Shaif gas development to boost production by over 600 million standard cubic feet per day.

The EU naval force has intercepted a Russian shadow fleet tanker, signaling increased enforcement against vessels suspected of false flags