Tag

Gulf Of Hormuz

All articles tagged with #gulf of hormuz

Iran escalates Gulf confrontation by targeting AWACS and refuelers
world13 days ago

Iran escalates Gulf confrontation by targeting AWACS and refuelers

Since the US-Israel campaign against Iran began, Tehran has stepped up attacks on US assets in the Gulf, including strikes in Saudi Arabia, the UAE, Bahrain, Jordan and Kuwait that reportedly damaged KC-135 tankers and an E-3 AWACS, wounded US service members, and targeted radar and THAAD facilities; analysts warn the loss of AWACS would create surveillance gaps while the US seeks replacements like the E-7 Wedgetail; the flare-up has boosted oil prices and raised concerns of broader operations.

Gulf shipping hit as Iran-linked drones and mines spark waves of attacks
world1 month ago

Gulf shipping hit as Iran-linked drones and mines spark waves of attacks

Six vessels in the Gulf and Iraqi waters were attacked amid reports of Iranian explosive-laden boats and sea mines. Two Iraqi-bound fuel tankers, Safesea Vishnu and Zefyros, were set ablaze with one crew member killed and 25 rescued; Mayuree Naree suffered a hit with three crew members missing, while ONE Majesty and Star Gwyneth were damaged. The incidents occur amid broader tensions over the Strait of Hormuz, with Iran accused of mine deployment and international navies monitoring the situation, including US claims of strike activity against mine-laying vessels.

Gulf war-risk insurance pulled as Iran conflict disrupts shipping
business1 month ago

Gulf war-risk insurance pulled as Iran conflict disrupts shipping

Mutual marine insurers have cancelled war-risk coverage for vessels in the Gulf and Iranian waters as the Iran conflict escalates, prompting rerouting around Africa and higher costs. War-risk premiums could rise around 50%–100% (or more), pushing freight rates higher as routes tighten; CMA CGM and others have added surcharges, and several carriers are diverting Red Sea sailings, though Hormuz’s small share of global container traffic limits immediate systemic impacts.