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Global Energy Costs Soar as Iran Crisis Disrupts Shipping, Oil and Gas Production
News
March 3, 2026
From 
Reuters
 via 
gCaptain

Global Energy Costs Soar as Iran Crisis Disrupts Shipping, Oil and Gas Production

Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.
Gulf War Risk Insurance Pulled as Reinsurers Exit
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Gulf War Risk Insurance Pulled as Reinsurers Exit

The global marine insurance market is rapidly retrenching from the Persian Gulf as escalating military conflict between the United States, Israel, and Iran pushes the region’s maritime risk profile to...
Shipping Industry Demands Protections for Maritime Workers on Front Lines of Middle East Conflict
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Shipping Industry Demands Protections for Maritime Workers on Front Lines of Middle East Conflict

The escalating military conflict in the Middle East has placed seafarers and port workers on the front lines of a geopolitical crisis, prompting urgent calls from international maritime organizations for...
Red Sea Corridor Slips Back Into Crisis as Houthi Threats Resurface
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Red Sea Corridor Slips Back Into Crisis as Houthi Threats Resurface

The brief reprieve in Red Sea shipping attacks ended this weekend as Yemen's Houthi movement signaled an imminent return to targeting commercial vessels, casting a shadow over what had been a fragile recovery in one of the world's most critical maritime corridors.
Strait of Hormuz Enters Active Crisis: Five Ships Hit, Traffic Collapses, Tanker Markets Brace for Historic Shock
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Strait of Hormuz Enters Active Crisis: Five Ships Hit, Traffic Collapses, Tanker Markets Brace for Historic Shock

The Strait of Hormuz has entered its most dangerous phase in years after a concentrated wave of missile and drone attacks struck five commercial vessels across the Gulf of Oman...
Iran Conflict Forces Middle East Oil Shutdowns, Strands 150 Ships at Hormuz
News
March 2, 2026
From 
Reuters
 via 
gCaptain

Iran Conflict Forces Middle East Oil Shutdowns, Strands 150 Ships at Hormuz

Oil and gas prices surged as Israeli and U.S. strikes on Iran disrupted Middle East facilities and shipping through the Strait of Hormuz. Four tankers damaged, one seafarer killed, and 150 ships stranded as Qatar declares force majeure on LNG shipments.
Qatar LNG Shutdown Sends European Gas Prices Surging Over 50%
News
March 2, 2026
From 
Bloomberg
 via 
gCaptain

Qatar LNG Shutdown Sends European Gas Prices Surging Over 50%

Qatar shut down LNG production at the world's largest export facility after an Iranian drone attack, sending European gas prices surging over 50%. QatarEnergy's Ras Laffan plant covers a fifth of global supply.
Shipping Industry Demands Seafarer Protection as Hormuz Crisis Escalates
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Shipping Industry Demands Seafarer Protection as Hormuz Crisis Escalates

Major shipping organizations and maritime authorities are calling for the protection of seafarers and civilian vessels as escalating conflict in the Middle East continues to disrupt global trade routes and...
Shadow Fleet Surge: Iran Moved Record Crude Before Operation Epic Fury
News
March 2, 2026
From 
Lori Ann LaRocco
 via 
gCaptain

Shadow Fleet Surge: Iran Moved Record Crude Before Operation Epic Fury

By Lori Ann LaRocco – Three vessels involved in the transport of sanctioned Iranian oil have been struck in the first 24 hours of Operation Epic Fury. Oil tankers Skylight,...
U.S.-Flagged Tanker Security Program Ship ‘Stena Imperative’ Hit in Bahrain, Shipyard Worker Killed
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

U.S.-Flagged Tanker Security Program Ship ‘Stena Imperative’ Hit in Bahrain, Shipyard Worker Killed

A Crowley-managed product tanker was struck by projectiles while berthed at the Port of Bahrain early Monday, killing one shipyard worker and injuring two others in the latest escalation of...
Qatar Halts LNG Output, Saudi Refinery, Israeli Oil, Gas Fields Shut Amid Mideast Strikes
News
March 2, 2026
From 
Reuters
 via 
gCaptain

Qatar Halts LNG Output, Saudi Refinery, Israeli Oil, Gas Fields Shut Amid Mideast Strikes

Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.
Ship War Risk Insurance Canceled After Iran Strikes
News
March 2, 2026
From 
Reuters
 via 
gCaptain

Ship War Risk Insurance Canceled After Iran Strikes

By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) – Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge further after the widening...