09:49
Morning Brief

AnewZ Morning Brief – 21 May 2026

Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 21st May, covering the latest developments you need to know.

22:09
Petrodollar

Erosion of the petrodollar as currency shifts reshape global oil trade

The petrodollar system, which has anchored the U.S. dollar’s dominance in global energy markets for five decades, is showing clear signs of strain. Pressures from geopolitical tensions and shifting trade practices are accelerating moves away from dollar-based oil transactions.

10:14
Middle East conflict

Marine ship insurers cancel war risk cover due to Iran conflict

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.

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