Livestock Carriers Delayed in Middle East
The NGO Robin des Bois is concerned about the thousands of seafarers currently stuck in the Middle East and about the approximately 70,000 animals on livestock carriers in the region.The livestock has been exported from South America, the European Union, and the Horn of Africa to Saudi Arabia, the United Arab Emirates, Lebanon, Iraq, Israel, and Jordan.“Under normal circumstances, the conditions of confinement on board are deplorable. In times of war, global pandemics, epizootics…
IMO Secretary-General: Seafarer Deaths in Strait of Hormuz Unacceptable
Seafarers must not be targets, says Secretary-General Arsenio Dominguez after the United Kingdom Maritime Trade Operations (UKMTO) said it had received a report of an incident six nautical miles north of Oman in the Strait of Hormuz. Media reports indicate the deaths occurred onboard a tug assisting the container ship Safeen Prestige.Dominguez said: “I am alarmed and deeply saddened to hear of a deadly attack on a vessel in the Strait of Hormuz on 6 March 2026, in which at least four seafarers have reportedly lost their lives and three severely injured.
Oil Output Cut Across the Middle East
The U.S.-Israeli war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages from Qatar to Iraq, with Kuwait announcing cuts over the weekend.Analysts predict that the United Arab Emirates and Saudi Arabia will also have to cut output soon as they run out of oil storage.Below are the main energy disruptions so far:PRODUCTION SHUTDOWNSIraqi output collapses: the country's oil production from its main southern oilfields has fallen by 70% to just 1.3 million barrels per day (bpd) from 4.3 million barrels per day (bpd) before the war…
US Pressing Sri Lanka not to Repatriate Iranian Crew
The U.S. is pressing Sri Lanka not to repatriate the survivors from an Iranian warship it sank this week or the crew of a second Iranian ship that is in Sri Lankan custody, according to an internal State Department cable seen by Reuters.A U.S. submarine sank the frigate Dena in the Indian Ocean about 19 nautical miles off Sri Lanka's southern port city of Galle on Wednesday, killing dozens of sailors and dramatically widening Washington's pursuit of the Iranian navy.On Thursday…
Maritime Insurance Surges as Iran Conflict Expands
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.The conflagration sparked by Saturday's Israeli-U.S. air strikes against Tehran has paralyzed traffic through the Strait of Hormuz, a major shipping chokepoint. Iran on Monday said it would fire on any ship trying to pass, and at least nine vessels have suffered…
Fertilizer Prices Surge
The world's farmers face soaring fertiliser and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.The war, which has closed the Strait of Hormuz, has shut down fertiliser plants in the region and severely disrupted shipping routes, potentially curbing supplies to key importers around the world just as farmers in the Northern Hemisphere prepare to plant seeds."It's a mess because it's spring," said Cedric Benoist…
China in Talks with Iran on Safe Passage
China is in talks with Iran to allow crude oil and Qatari liquefied natural gas vessels safe passage through the Strait of Hormuz as the U.S.-Israeli war on Tehran intensifies, three diplomatic sources told Reuters.The war, which entered its sixth day on Thursday, has left the critical shipping passageway all-but shut, with countries around the world cut off from a fifth of global oil and liquefied natural gas supplies.China, which has friendly relations with Iran and relies heavily on Middle Eastern supplies…
Windward Daily Brief March 5: Conflict Reaches Indian Ocean as Hormuz Remains Shut
Windward is publishing daily intelligence reports on the crisis in the Gulf as the situation develops.The highlights of today's report are as follows: The Strait of Hormuz remained effectively closed, with only five vessel crossings recorded on March 4.Bab el-Mandeb traffic surged to 23 crossings, sitting above recent averages.Suez Canal activity dropped to 23 crossings, falling below trend levels.Cape of Good Hope diversions remained elevated, confirming continued rerouting of global trade.A crude tanker explosion near Kuwait damaged a cargo tanker and triggered an oil spill…
Sri Lanka Offloads 208 Crew from Second Iranian Vessel
Sri Lanka started to offload 208 crew members from a second Iranian vessel off its coast on Thursday, a day after 87 people were killed and several others were still missing after a U.S. submarine strike on an Iranian warship in the same region."After detailed discussions with all parties, Sri Lanka has decided to assist the Iranian vessel," Sri Lankan President Anura Kumara Dissanayake told a press briefing in Colombo.The crew being offloaded included 53 officials, 84 cadets, 48 senior sailors and 23 sailors, Dissanayake said.
Insurance Broker Marsh Meets US Officials to Discuss Iran War
Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as attacks in the region threaten energy shipments through the Strait of Hormuz.The waterway, a critical chokepoint between Iran and Oman, carries about a fifth of globally traded crude oil and liquefied natural gas.Shipping through the strait has slowed significantly following Iranian strikes on commercial vessels…
Strait of Hormuz Disruptions Impact Bulk Carriers
"The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry bulk cargo volumes and tonne mile demand,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Disruptions in the region have already led to a decline in traffic, and at least five ships have been attacked. The number of bulk carrier…
Trump's Asian Allies Fear Iran War Will Sap Defenses Against China
Japanese lawmakers reeling from attacks on Iran by the United States and Israel gathered on Monday at the ruling party's offices in Tokyo to question bureaucrats about evacuation plans, energy stocks and the legal basis for U.S. action.But one query posed at the closed-door meeting, described to Reuters by a politician who attended, reflected a deeper fear haunting Asia's corridors of power since Trump's weekend attacks unleashed chaos in the Middle East.How would the region respond…
MSC to Offload All Cargo Bound for Gulf
MSC, the world's largest carrier of ocean container cargo, said on Tuesday all cargo bound for ports in the Gulf will be offloaded at the nearest safe seaport due to ongoing hostilities in the Middle East following U.S. and Israeli attacks on Iran.The move, known as an "End of Voyage" declaration, also applies to empty containers that have been released for loading with cargo and are intended for export to the ports in the Gulf, Geneva-based MSC said in a customer advisory.A mandatory surcharge of $800 per container will apply to all affected shipments…
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships
The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf.The move marks one of the administration’s most aggressive steps yet to attempt to contain soaring energy prices amid escalating conflict in the Middle East that has raised risks to shipping through key waterways.Global crude prices have spiked since Israeli and U.S.
Saudi Arabia Tries to Divert Oil to Red Sea
Saudi Arabia's state oil company Aramco is attempting to reroute some of its crude exports to the Red Sea to avoid the Strait of Hormuz, where the risk of Iranian attacks has slowed shipping to a near halt, sources said on Tuesday.Saudi Arabia and other regional Gulf oil producers, such as the United Arab Emirates, Kuwait and Iraq, have been unable to move oil through the Strait since the U.S. and Israel launched attacks on Iran on Friday. Hundreds of ships have anchored on either side of the Strait as a precaution…
France Sending Aircraft Carrier to Mediterranean
President Emmanuel Macron on Tuesday said France was sending its aircraft carrier Charles de Gaulle to the Mediterranean and working to build a coalition that would help secure maritime traffic imperiled by the escalating crisis in the Middle East.In a televised address to the nation, Macron said that action needed to be taken with the Straits of Hormuz closed and the Suez Canal and Red Sea shipping routes threatened by the widening conflict."We have economic interests to protect…
Drone Attack Damages Fuel Tank at Oman’s Duqm Port
A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which has responded by targeting neighbouring countries.The attack comes a day after Qatar halted its production of liquefied natural gas - about a fifth of global supply - while Saudi Arabia suspended production at its largest domestic refinery.Major Israeli gas fields…
Oil Price Soars as US-Israel War with Iran Raises Supply Fears
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80.89 a barrel, up $3.15, or 4.1%, by 0745 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7% higher.U.S. West Texas Intermediate crude CLc1 climbed $2.55, or 3.6%, to $73.78 a barrel.
Conflict Widens to Lebanon, Iran Threatens Ships
The U.S. and Israeli air war against Iran widened on Monday, with no end in sight as Israel attacked Lebanon in response to strikes by Hezbollah and Tehran kept up its missile and drone attacks on Gulf states that host U.S. military bases.U.S. President Donald Trump said the operation could continue for some weeks and that it was unclear who was in charge in Iran, following the targeted killing of Supreme Leader Ayatollah Ali Khamenei in the opening hours of the U.S.-Israel campaign over the weekend.The attack on Iran has pitched the Gulf into war…
About 10% of Global Container Fleet Caught in Hormuz Backup
Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday."About 10% of the container ship global fleet is caught up in this," Nixon said at S&P Global Market Intelligence’s TPM26 container shipping conference in Long Beach.Maritime insurers ceased covering voyages through the strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of gas, as Iran retaliated against U.S.
U.S. Flag Tanker Damaged, 150 Vessels Stranded with Strait of Hormuz Close
Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, two seafarers killed and 150 ships stranded around the Strait of Hormuz.Shipping through the strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were hit as Iran retaliated to U.S. and Israeli strikes.The disruption and fears of prolonged closure have caused oil and European natural gas prices to jump…
Sugar Prices Rise Ahead of Iran War Fears
World sugar prices headed higher on Monday on fears the U.S.-Israel war against Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel.
China Oil Refiners Feel Safe From Iran Conflict Disruption with Crude Stockpile
Refiners in China, the world's top oil importer, have enough supply on hand to weather near-term disruption from the Iran conflict, bolstered by recent record purchases of Iranian and Russian crude and robust government stockpiling, traders said.A prolonged supply disruption could, however, force the country's refiners to curb output and run down commercial stockpiles, some of the traders said.China has around 900 million barrels in strategic inventories, or 78 days' worth of imports…