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.
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The United States launched overnight strikes on military targets across Iran, as President Donald Trump warns of further attacks unless a peace deal is reached. Iran responded by targeting U.S. bases in the Gulf and announced the closure of the Strait of Hormuz.
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI image-generation tool without adequate safeguards, enabling the creation and distribution of non-consensual sexualised deepfakes.
China's foreign ministry announced on Thursday that it had imposed sanctions on Philippine Defence Secretary Gilberto Teodoro and his immediate family, accusing him of repeatedly making remarks that undermined China's "legitimate interests" and bilateral relations.
Conditions of a climate pattern El Niño have officially developed and are expected to strengthen through the Northern Hemisphere winter of 2026-27, according to the U.S. Climate Prediction Center. The forecast raises concerns of extreme weather, agricultural issues and record global temperatures.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
Russia has once again offered warm words to Tbilisi, with Foreign Ministry spokeswoman Maria Zakharova praising Georgia's efforts to safeguard its sovereignty and saying Moscow is ready to deepen ties.
Azerbaijan dispatched 17 railway wagons carrying 984 tonnes of diesel fuel to Armenia on Thursday, marking the latest shipment in growing trade between the two countries.
The U.S. is deepening engagement with Central Asia on critical minerals as global competition for strategic resources intensifies. The issue dominated talks in Astana between Washington and the five Central Asian states.
Israel's cabinet is expected to approve a plan on Thursday (11 June) to allocate around one billion shekels ($338 million) for settlement development in the West Bank, according to reports and anti-settlement campaigners.
India is expected to receive below-average rainfall over the next two weeks, particularly across central and northern regions, as weather systems known as western disturbances slow the advance of the annual monsoon, senior weather officials said.
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