Iran Delivers New Proposal to US as Hormuz Remains Shut May 1, 2026 By Patrick Sykes and Eltaf Najafizada The fate of the Strait of Hormuz—through which about a fifth of the world’s oil and LNG flowed before the...
Business Interruption Claims Arising From the Middle East Conflict April 21, 2026 By Amran Nawaz and Ralph Stobwasser The current conflict in the Middle East has been as disruptive commercially as it has been geopolitically. Many businesses operating...
Hormuz Traffic at Standstill After Iran Abruptly Ends Reopening April 20, 2026 By Weilun Soon Commercial traffic through the Strait of Hormuz is at a virtual standstill on Monday after a brief and confused reopening...
Iran Charges Some Ships Hormuz Transit Fees for Safe Passage March 25, 2026 By Salma El Wardany, Fiona MacDonald, Ben Bartenstein and Samy Adghirni Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another sign of Tehran’s...
Lloyd’s CEO Says It’s Critical Mideast War Cover Stays Available March 19, 2026 The Lloyd's of London insurance market will continue to provide cover for vessels traveling through the Strait of Hormuz even...
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks March 18, 2026 By Alex Longley Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according...
State TV: 2 Strong Quakes Jolt Southern Iran, 1 Dead November 15, 2021 TEHRAN, Iran (AP) — At least one person died after two strong earthquakes struck the southern Iranian province of Hormozgan,...
Ship Insurers Primed to Raise Rates After Red Sea Attacks January 13, 2021 By Jonathan Saul LONDON — Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...
South Korean Tanker was Boarded by Armed Iran Guard Forces January 6, 2021 By Hyung-Jin Kim and Jon Gambrell SEOUL (AP) — Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course...
Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic July 22, 2019 By David Koenig and Frank Bajak Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for...