Though the conflict is centered on the Persian Gulf, shipping companies fear that the Iran-backed Houthi militia in Yemen ...
Tankers have begun to steer clear of the region and the Strait of Hormuz, threatening to push up energy prices.
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, ...
The new routes will take longer, and some shipping companies are adding a surcharge to compensate for the additional risk, as ...
A U.S.-flag bulk tanker was hit by projectiles at the Port of Bahrain, the first American merchant ship to come under attack ...
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?
There is an inherent weakness in an international supply chain that passes through two bottlenecks in a region prone to civil ...
Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict ...
On March 1, the head of the European Diplomacy, Kaya Kallas, announced the expansion of the European Union's Aspides naval operation in the Red Sea, the Persian Gulf and the Indian Ocean."The EU ...
The world’s largest container carriers are rerouting ships to avoid the Persian Gulf. Read more at straitstimes.com. Read more at straitstimes.com.