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Shipping threats rising in Strait of Hormuz, Red Sea, and Gulf of Aden amid escalating Israel-Iran conflict

On June 23, 2025, Iran launched a missile attack on a U.S. airbase in Qatar amid escalating conflict involving Israel and Iran affecting the Strait of Hormuz and surrounding regions.
The conflict followed U.S. airstrikes on Iranian nuclear sites over the weekend, prompting Iran's parliament to approve closing the Strait of Hormuz, though experts doubt full enforcement.
Rising tensions heightened shipping risks, with marine insurers raising hull and machinery premiums by over 60%, supertanker rates more than doubling to $60,000 daily, and vessels moving faster using more fuel.
Peter Sand of Xeneta noted ocean freight rates from Shanghai to Port of Khor Fakkan surged 76%, averaging $3,341 per FEU, while Skuld urged shipping registries to enhance risk models and prepare for rerouting.
These developments increase operational costs and supply chain risks, suggesting sustained caution and adaptive strategies amid uncertainty over the Strait's security and regional stability.

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Global Shipping Organization Warns of Rising Threats Around Arabian Peninsula

Threats to commercial vessels around the Arabian Peninsula are growing after U.S. airstrikes against Iran’s nuclear weapons program. The post Global Shipping Organization Warns of Rising Threats Around Arabian Peninsula appeared first on Breitbart.

1 day ago·United States

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Escalating Hormuz tensions drive up Middle East war risk insurance costs, sources say

LONDON - U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday.

1 day ago·Singapore

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