U.S.-Israeli Attacks on Iran Disrupt Shipping in Red Sea
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The US and Israeli military strikes against Iran that began on 28 February have triggered a simultaneous disruption of both
A U.S.-flag bulk tanker was hit by projectiles at the Port of Bahrain, the first American merchant ship to come under attack in the Iran war. The post U.S.-flag bulk tanker attacked in Bahrain
Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict disrupts supply chains.
The new war in the Persian Gulf has created major risk for crude oil importers and exporters both. But there are still winners and losers. Who are they?
By Louise Rasmussen and Kanjyik Ghosh March 1 (Reuters) - Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait,
The Gulf Nations Countries, which are commonly referred to as the Gulf Cooperation Council (GCC) members bordering the Arabian Gulf, were established in 1981 with a group of six-member countries, including Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain.