Three vessels damaged amid rising Gulf tensions
Conflict surcharges will continue to inch up the longer the high-risk situation persists
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Conflict surcharges will continue to inch up the longer the high-risk situation persists
The refinery is the UAE’s largest, with a processing capacity of over 900k bbl / d of oil
The earnings gap between idling and active vessels has widened significantly as Red Sea freight rates decouple from voyage distance
KPC declares force majeure, Iraq shuts down another field, Aramo reroutes barrels
Iran has threatened to attack Israeli embassies “worldwide”
Energy and maritime assets are being hit the hardest, raising fears of wider disruptions to regional and global supply chains
What we’re tracking this morning regionally and around the world
The developments will almost certainly impact maritime chokepoints, aviation, and energy flows in the region
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