Importers across the Gulf are scrambling to reroute shipments of food, medicines and industrial goods after the closure of the Strait of Hormuz triggered one of the most severe supply chain disruptions in decades. The shutdown of the narrow waterway a critical passage linking the Persian Gulf to global shipping lanes has effectively halted a […]
New Delhi/Dubai, Iran is reportedly preparing to allow India-flagged oil tankers to transit the strategically vital Strait of Hormuz, according to an Indian government source, as escalating regional conflict threatens global shipping and energy supplies. The development comes amid heightened tensions in the Gulf following attacks on commercial vessels and increasing hostilities involving Iran, the […]
Global shipping giant A.P. Moller–Maersk has announced the suspension of two of its maritime services as tensions and security risks continue to escalate across key Middle Eastern shipping routes. The Denmark-based logistics company said the decision was taken following a careful assessment of the deteriorating security situation affecting commercial vessels operating in and around strategic […]
Iran could potentially disrupt shipping through the strategically vital Strait of Hormuz for months using waves of drone attacks, according to military analysts and intelligence officials, raising fears of prolonged instability in global energy markets. The warning comes as tensions escalate across the Middle East following recent strikes by the United States and Israel on […]