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Iran conflict

Birds fly near the boat in the Strait of Hormuz amid the U.S.-Israeli conflict with Iran, as seen from Musandam, Oman, March 2, 2026.REUTERS/Amr Alfiky
Mar 2, 2026

Iran conflict disrupts global shipping as tankers are stranded, damaged

The Iran conflict has disrupted shipping in the Strait of Hormuz, damaging tankers, killing crew members, and causing insurers to cancel war risk coverage.

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Mar 2, 2026

Oil and gas surge as Iran war disrupts Middle Eastern output

Oil and gas prices surged due to Israeli and U.S. strikes on Iran, causing shutdowns and shipping disruptions in the Middle East, impacting global markets and inflation.

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