Falsely-flagged Russian-linked ship seized in Baltic
Vessel was arrested off the Swedish coast on suspicion of unseaworthiness
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March 2026
Iran hits tanker with drone for violating Strait of Hormuz passage ban, IRGC claims
Fresh strike comes as Iran president says that Tehran will no longer attack neighboring countries
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‘Historic shift’: Trump officials unveil $20bn war-risk reinsurance scheme for Gulf traffic
Government agency to provide reinsurance for hull and machinery and cargo cover
Tanker Market: Almost Half of China’s Crude Oil Imports in 2025 Arrived from the Arabian Gulf
A major oil supply shock in Asia economies is about to occur, amid the war in Iran and the effective closure of the Hormuz Strait. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global crude oil loadings declined mar…
Signal: Rising Tensions Since Saturday Escalate Energy Risk
Executive Overview Tensions around the Strait of Hormuz are increasingly spilling into global oil markets, raising concerns about potential disruptions to one of the world’s most critical energy transit routes. As regional tensions evolve, the central …
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