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.
Weekend strikes hit Iran’s Natanz nuclear site and missile facilities near Isfahan, as Tehran responded with missiles and drones targeting Te...
World Trade Organization (WTO) talks broke up with no agreement on Monday on a plan for reform or even on exten...
Two sailboats carrying humanitarian aid from Mexico arrived safely in Havana on Saturday, the Mexican Navy...
The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had ...
Afghanistan and Pakistan have traded heavy fire, both sides said, days after they announced a temporary pause i...
Weekend strikes hit Iran’s Natanz nuclear site and missile facilities near Isfahan, as Tehran responded with missiles and drones targeting Tel Aviv, Haifa Bay, and Gulf assets. With U.S. reinforcements deployed and Hormuz tensions rising, the region faces a sharply escalated crisis.
World Trade Organization (WTO) talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure on the trade body that finds itself increasingly sidelined by economic nationalism.
Two sailboats carrying humanitarian aid from Mexico arrived safely in Havana on Saturday, the Mexican Navy said, concluding a journey in which the vessels were delayed by bad weather and briefly reported missing.
The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had also been launched from Yemen for the second time since the U.S.-Israeli war began on Tehran. It said two drones from Yemen were intercepted early 30 March but gave no further details.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
NASA is aiming to launch its Artemis 2 mission on Wednesday (1 April), sending astronauts on a 10-day journey around the Moon, officials confirmed. According to the Space Administration, the launch window is due to open at 23:24 GMT, with additional opportunities to 6 April if delays occur.
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of preparations for the first crewed journey towards the Moon in more than five decades
Iranian Military Spokesman Lieutenant Colonel Ibrahim Zulfiqari has warned that American soldiers will become 'food for sharks' if U.S. President Donald Trump launches ground attacks against Iran. The threat comes after the U.S. military said it was deploying thousands of Marines to the region.
Weekend strikes hit Iran’s Natanz nuclear site and missile facilities near Isfahan, as Tehran responded with missiles and drones targeting Tel Aviv, Haifa Bay, and Gulf assets. With U.S. reinforcements deployed and Hormuz tensions rising, the region faces a sharply escalated crisis.
Afghanistan and Pakistan have traded heavy fire, both sides said, days after they announced a temporary pause in fighting, escalating tensions in the volatile region as Islamabad prepares to host talks between the U.S. and Iran.
More than 372,000 people were left without electricity in Russia’s southern region of Dagestan after heavy rain triggered severe flooding, officials said.
Pakistan Prime Minister Shehbaz Sharif has said his government will absorb a 56bn-rupee fuel subsidy to shield people from rising energy costs linked to the Middle East conflict.
The involvement of Yemen’s Houthis has heightened regional tensions as the Iran-aligned group joins the conflict. The U.S. says it is hopeful of holding talks with Iran in the coming days, while Tehran has said that "talking and bombing is intolerable". Welcome to our live coverage of the conflict.
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