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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Iran and the U.S. have concluded indirect talks in Doha without a major breakthrough, with discussions focused on maritime traffic in the Strait of Hormuz and frozen Iranian funds. Both sides are expected to meet again after the funeral of Ayatollah Ali Khamenei.
A Russian couple climbed to the top of the Empire State Building and unfurled a banner urging world peace before, in an apparent elaborate marriage proposal that ended with their arrests.
Israeli lawmakers have approved a bill that would ban the Muslim call to prayer (adhan) from being broadcast through mosque loudspeakers, according to local media.
England captain Harry Kane scored twice and Belgium beat Senegal with a last-minute penalty as both sides joined the United States in the last 16 of the World Cup.
Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire to end the four-month-old war.
Negotiations between the U.S. and Iran mediated by Qatar in Doha have concluded, Iran's Deputy Foreign Minister, Kazem Gharibabadi has said.
Mexico ended their 40-year wait for a World Cup knockout win, while Erling Haaland sent Norway through and Kylian Mbappé fired France into the last 16.
The wife and children of Argentine footballer Lucas Trejo were among around 1,700 people who died when two earthquakes struck northern Venezuela last week.
A Russian couple climbed to the top of the Empire State Building and unfurled a banner urging world peace before, in an apparent elaborate marriage proposal that ended with their arrests.
Iran and the U.S. have concluded indirect talks in Doha without a major breakthrough, with discussions focused on maritime traffic in the Strait of Hormuz and frozen Iranian funds. Both sides are expected to meet again after the funeral of Ayatollah Ali Khamenei.
Israeli lawmakers have approved a bill that would ban the Muslim call to prayer (adhan) from being broadcast through mosque loudspeakers, according to local media.
Negotiations between the U.S. and Iran mediated by Qatar in Doha have concluded, Iran's Deputy Foreign Minister, Kazem Gharibabadi has said.
On 1 July, President of the European Commission Ursula von der Leyen arrived in Azerbaijan on a working visit.
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has warned that unexploded ordnance remains a deadly threat across Afghanistan, with children accounting for around 80% of victims and about 50 people being killed or injured each month.
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