Several marine insurers said they are cancelling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers including Gard, Skuld, NorthStandard, the London P&I Club and the American Club said their cancellations will take effect from 5 March.
According to notices dated 1 March on their websites, war risk cover will be excluded in Iranian waters, as well as the Gulf and adjacent waters.
Skuld added in its notice that it was working on a buy-back option to reinstate cover.
Japan's MS&AD Insurance Group told Reuters it had suspended underwriting of a range of insurance policies covering war risks in the waters around Iran and Israel and neighbouring countries.
Tensions in the Middle East have escalated sharply after the U.S. and Israeli forces launched strikes on Iran over the weekend, prompting Tehran to say it had closed navigation through the Strait of Hormuz, a key chokepoint for global oil and gas flows.
Several tanker owners, oil majors and trading houses have since suspended crude, fuel and liquefied natural gas shipments through the narrow waterway, and satellite data has shown vessels accumulating near key United Arab Emirates ports such as Fujairah.
Ship-tracking data on Sunday showed the disruption growing, with at least 150 tankers - including crude and LNG carriers - anchored in open Gulf waters beyond the Strait of Hormuz and dozens more stationary on the other side of the chokepoint.
The risks intensified further after at least three tankers were damaged off the Gulf coast and one seafarer was killed.
International organisations, investors, environmental experts and business representatives gathered in Samarkand for the opening of Eco Expo Central A...
China is sending doctors, medical teams and emergency supplies to help combat a growing Ebola outbreak in Central Africa, joining an international eff...
Armenian Prime Minister Nikol Pashinyan has said Yerevan remains committed to normalising relations with Azerbaijan and Türkiye, expressing confidenc...
Iran’s Revolutionary Guards (IRGC) said they struck a cargo ship owned by the “American-Zionist enemy” with a cruise missile after an Iranian fr...
Kazakhstan has restored oil production after an accident at the Tengiz oil field briefly disrupted output last week, while also signalling its readine...
International organisations, investors, environmental experts and business representatives gathered in Samarkand for the opening of Eco Expo Central Asia 2026, one of the region's largest environmental events focused on green growth, climate resilience and sustainable development.
China is sending doctors, medical teams and emergency supplies to help combat a growing Ebola outbreak in Central Africa, joining an international effort to contain the disease before it spreads further.
Armenian Prime Minister Nikol Pashinyan has said Yerevan remains committed to normalising relations with Azerbaijan and Türkiye, expressing confidence that decades of regional hostility will eventually give way to lasting stability.
Iran’s Revolutionary Guards (IRGC) said they struck a cargo ship owned by the “American-Zionist enemy” with a cruise missile after an Iranian freighter was attacked in the Sea of Oman.
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
Competing narratives continue to shape perceptions of the war in Ukraine, with Russian leadership suggesting a possible end phase while Ukrainian officials warn of renewed large-scale attacks and ongoing escalation risks.
U.S. Secretary of State Marco Rubio has held talks with Lebanese President and Israeli Prime Minister on efforts to ease tensions between Israel and Lebanon. According to a U.S. official, Washington has proposed a plan aimed at achieving a gradual de-escalation of hostilities.
When Armenians vote on 7 June, they will be voting in an election shaped by months of political change and a rapidly deepening relationship with the European Union. The result may not only determine who governs Armenia but also the future direction of the country's geopolitical alignment.
Unsealed records from the U.S. Department of Justice have renewed scrutiny of lawyer Robert Amsterdam after documents revealed communications between his law firm and Jeffrey Epstein's office. The disclosures have drawn attention because of Amsterdam's prominent role in Armenia.
International organisations, investors, environmental experts and business representatives gathered in Samarkand for the opening of Eco Expo Central Asia 2026, one of the region's largest environmental events focused on green growth, climate resilience and sustainable development.
Armenian Prime Minister Nikol Pashinyan has said Yerevan remains committed to normalising relations with Azerbaijan and Türkiye, expressing confidence that decades of regional hostility will eventually give way to lasting stability.
Kazakhstan has restored oil production after an accident at the Tengiz oil field briefly disrupted output last week, while also signalling its readiness to increase crude shipments through the Baku–Tbilisi–Ceyhan (BTC) pipeline.
Baku has once again become a focal point for international energy diplomacy, investment and strategic cooperation, as Baku Energy Week brings together policymakers, industry leaders and investors from around the world.
A launch ceremony marking the commissioning of the modernised Baku-Tbilisi-Kars (BTK) railway line was held at Akhalkalaki station in Georgia on 2 June, bringing together senior officials from Azerbaijan, Georgia and Türkiye.
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