War Risk Premium

Middle East tensions, including strikes and tanker attacks, have pushed Brent crude prices above $95/bbl and gasoil cracks to record highs

A Sinokor Maritime VLCC was abandoned and is listing in the Strait of Hormuz after rocket strikes, with crew evacuated.

Ukrainian attacks have damaged about 100 Russian naval vessels over 40 days, causing significant but not critical damage, President Putin…

European natural gas prices surged to their highest since March due to Persian Gulf tensions and British wholesale contract increases

A U.S. naval blockade has prevented Iran from exporting crude oil via the Strait of Hormuz for seven weeks, impacting its revenue.

New US airstrikes on Iranian targets have heightened tensions in the Strait of Hormuz following recent tanker attacks.

Mine clearance in the Strait of Hormuz is not enough to restore normal commercial shipping, INTERTANKO warns

SMM conference discussed Middle East security risks and IMO Net Zero Framework uncertainties, impacting global shipping operations

Two supertankers carrying Saudi oil were attacked by unknown projectiles in the Strait of Hormuz, raising security concerns

European stocks were flat due to a bond market sell-off and rising Middle East hostilities, dampening risk appetite

A tanker was struck three times in the Strait of Hormuz, highlighting persistent maritime security risks in the region.

A tanker incident involving military forces has been reported off Oman, raising concerns about maritime security.

Disruptions in the Black Sea, including port attacks, are forecast to lower demand for vegetable oil carriers due to reduced exports

Turkish and Somali forces successfully freed the cargo vessel Lutuf from pirates off Somalia's Puntland coast

Oil prices rose above US$90 per barrel after US military strikes on Iranian launchers in the Persian Gulf.

US forces reportedly attacked two Iranian mine launchers on Larak Island, prompting alleged Iranian retaliation against US forces in Jordan

The Strait of Hormuz experienced a sharp decline in daily commodity vessel transits, falling to just five per day.

Fossil fuel importers faced an estimated $330 billion in additional costs for seaborne crude oil, oil products, and LNG.

Romanian authorities are investigating the sinking of a cargo ship in the Black Sea after it caught fire, possibly due to a hit.

The IMO has highlighted the persistent uncertainty for seafarers in the Persian Gulf due to ongoing conflict and attacks.

Oil tanker earnings on a benchmark route have approached $650,000 daily due to the Iran war and strategic shipping plays

The IMO advocates for practical solutions to resolve the ongoing humanitarian crisis affecting seafarers in the Strait of Hormuz.

A US commander confirmed that American forces cleared Iranian mines from the Strait of Hormuz, addressing prior allied doubts.

A tanker seized by Somali pirates had a history of disappearing from tracking systems for extended periods before its capture

A tanker CEO warns the Iran conflict may be prolonged, sustaining high war risk premiums and operational costs in the Strait of Hormuz

Shipping costs from Pakistan to the US have surged over 200% on some routes, driven by increased war-risk insurance and fuel prices

The US has rejected a key agreement with Iran, halting talks on the Strait of Hormuz and driving up oil prices.

Gulf nations are boosting port and pipeline investments to lessen dependence on the Strait of Hormuz due to geopolitical tensions

Iran is reportedly formulating specific terms for the resumption of shipping through the Strait of Hormuz, following mediator requests

U.S. forces have reportedly cleared Iranian sea mines from the Strait of Hormuz's international shipping lanes.