War Risk Premium

Tanker traffic in the Strait of Hormuz remains subdued, even with ongoing peace negotiation reports and presidential assurances.

The US aims to announce an interim deal to reopen the Strait of Hormuz, but Iran warns of potential delays.

Platts wheat benchmark hits 13-month low due to weak demand and increased Black Sea security risks

Shipping associations oppose new compulsory transit charges for vessels in the Strait of Hormuz, citing freedom of navigation.

Houthi forces claim a missile attack on a Saudi oil tanker off the coast of Yanbu in the Red Sea.

India condemned the sinking of an Indian-registered commercial vessel in the Red Sea after an attack, with all 14 crew rescued

An Indian-flagged cargo vessel sank in the Red Sea after a suspected attack near Yemen, escalating regional maritime risks

Ukrainian strikes on Russian infrastructure have reshaped Russia's seaborne oil trade, reducing refined product exports and boosting crude…

Oil tanker threats in the Middle East are at their highest level since the Iran-Iraq War due to recent Red Sea attacks

A second Qatari LNG tanker was struck in the Strait of Hormuz, leading to expanded force majeure declarations.

European wholesale natural gas prices rebounded due to persistent shipping delays in the Strait of Hormuz, despite Middle East peace talks.

Iran warns it will target US warships attempting to alter approved shipping corridors or maintain a naval blockade in the Strait of Hormuz

A cargo ship reported a projectile strike in the Strait of Hormuz as US and Iran offered conflicting reports on talks

FESCO has paused new Black Sea shipment orders after a Ukrainian drone attack on one of its vessels.

A second Qatari LNG carrier was reportedly struck in the Red Sea, while Chinese vessels navigated the area unharmed

Middle East tensions are escalating, impacting tanker shipping and navigational safety with potential for increased war risk premiums.

Freight costs for Russian Urals crude oil to India have surged by 50% since mid-July due to Black Sea security risks.

Six Saudi-flagged supertankers diverted course in the Gulf of Aden, heading to southern Africa due to Houthi threats

Iran is reportedly escalating its use of Middle Eastern trade routes and energy infrastructure as leverage against the U.S.

Clarksons reported record first-half profits, citing the Strait of Hormuz crisis as a key driver of strong shipping markets

Saudi Arabia and 13 partner nations have formed a new maritime coalition to enhance security in the Red Sea and Gulf of Aden.

OPEC's JMMC emphasized the critical importance of safeguarding international maritime routes for stable energy markets.

Yanbu port in Saudi Arabia recorded heightened tanker activity as vessels transited the Bab el-Mandeb Strait with AIS disabled.

Two oil tankers reportedly evaded separate incidents involving explosions and warning shots in the Strait of Hormuz

A GasLog LNG tanker encountered an incident exiting the Strait of Hormuz, with the vessel and crew reported safe.

July maritime news included Houthi Red Sea threats and a significant increase in VLCC vessel orders

Vessel transits via Bab el-Mandeb Strait have decreased, India plans a transhipment hub, and dry bulk sector shows optimism

Tanker operators are exploring new routes, including pipelines, to bypass the Strait of Hormuz due to ongoing instability

The Strait of Hormuz is a high-risk waterway due to Iranian attacks on shipping, impacting global oil trade.

An Italian frigate successfully escorted a merchant vessel through the Red Sea, as confirmed by the EU's ASPIDES mission