The scramble to reassess shipping insurance costs reflects the deteriorating security environment in the Middle East.

As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs and surcharges from major carriers.

Oil prices could surge from a current level of about $73 per barrel up to $120 per barrel if the Israel-Iran conflict damages Iranian oil infrastructure or impedes the passage of some oil tankers in ...

Ali Khamenei addressed nation as Washington is said to be weighing joining Israel's attack on the Islamic Republic ...

Shipowner Frontline said the incident near the Strait of Hormuz was due to navigational issues and not related to the current ...

Somaliland offers a stable base near Red Sea chokepoints amid rising tensions with Iran and China’s influence in Djibouti.

Two oil tankers collided and caught fire near the Strait of Hormuz Wednesday night. Electronic interference was reported in the region.

Russian gas accounted for about 19% of EU imports last year, down from roughly 45% before Moscow's invasion of Ukraine and oil imports have declined to 3% from 27% in early 2022. Global Banks Increase ...

Two oil tankers caught fire off the coast of the United Arab Emirates in a dramatic incident that has once again brought ...

The Foundation for Defense of Democracies, in a policy briefing published Monday, stated: “US forces in the Middle East are ...

As fighting between Israel and Iran is boiling over, the most strategic oil chokepoint in the world – the Strait of Hormuz – ...

TEL AVIV/DUBAI (Reuters) -Israel and Iran attacked each other for a fifth straight day on Tuesday, and U.S. President Donald ...