US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow March 9, 2026 By Joe Deaux and Loukia Gyftopoulou The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic...
Missile Fire Hinders Middle East Rescue Flights as Airspace Edges Open March 6, 2026 By Julie Zhu and Federico Maccioni Emirati airlines resumed some flights to global cities from the war-hit Gulf on Friday, but a Lufthansa jet that was...
More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region March 6, 2026 By Jonathan Saul and Anna Hirtenstein More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan,...
Strait of Hormuz Shipping Is at Near-Total Halt, JMIC Says March 6, 2026 By Serene Cheong Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in...
Seafarers Can Refuse to Sail Through Mideast Gulf Region, Main Union Says March 6, 2026 Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf, including the Strait of...
India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says March 5, 2026 By Nidhi Verma and Krishna N. Das India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East,...
Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say March 5, 2026 The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide...
Oil Tanker Suffers Explosion as Risks Spread Wider Into Gulf March 5, 2026 By Weilun Soon, Alex Longley and Rakteem Katakey An oil tanker suffered an explosion off the coast of Iraq which damaged a tank that is losing water, signaling...
London Marine Insurers Still Offering Middle East Cover as War Risk Rates Rise: Broker March 5, 2026 By Noor Zainab Hussain and Manya Saini Marine insurers in the London market continue to offer cover in the Middle East, despite rising war risk premiums driven...
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations March 5, 2026 By K. Oanh Ha As the war in Iran grounds flights worldwide, hundreds of thousands of travelers scrambling to get home are discovering a...