News

Sourcing Journal on MSN1h
Amid Israel-Iran Tensions, Shipping Slows Down in Strait of Hormuz
As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs ...
Oil tankers collide in Strait of Hormuz during Middle East conflict
Two oil tankers collided and caught fire near the Strait of Hormuz Wednesday night. The tankers, located off the coast of ...
Why Iran closing the Strait of Hormuz could be catastrophic for the world
Iran’s threat to shut Homruz comes as a vessel crashed into two ships sailing nearby, 22 nautical miles east of Khor Fakkan ...
Visual analysis: GPS interference raises risk of accidents in Strait of Hormuz
Experts including Sal Mercogliano, a maritime historian at Campbell University in North Carolina and a former merchant ...
Insurance Business America7h
Two tankers ablaze after incident near Strait of Hormuz
The Foundation for Defense of Democracies, in a policy briefing published Monday, stated: “US forces in the Middle East are ...
UK Navy Issues Rare Warning to Ships Near Vital Hormuz Strait
The UK Navy issued a rare warning to mariners that higher tensions in the Middle East could impact shipping, including ...
What happens if Iran shuts Strait of Hormuz? Artery of global oil turns into ticking time bomb
While Tehran has frequently threatened to block the waterway in response to military pressure or sanctions, the prospect ...