Shipping

The vessels carrying crude for India disabled their AIS transponders to avoid detection in the high-risk waterway, pushing global freight insurance costs higher.

U.S. Central Command confirmed the disruption as Iranian forces escalate actions in the critical chokepoint, pushing crude futures higher and raising insurance costs for shippers

CMA CGM and Hapag-Lloyd suspended all bookings to and from Cuba, deepening the island's economic isolation

Unauthorized personnel boarded a commercial ship northeast of the UAE, directing it into Iranian waters and heightening risks for oil and trade routes in the Strait of Hormuz