Federal Aviation Administration releases new guidance to US airlines and other commercial-flight operators over threat posed by Iran
Refinitiv, a global provider of financial markets data and infrastructure, looks at the implications of an Iranian blockade of the Strait of Hormuz
The comments came two days after Iran seized Stena Impero, a UK-flagged oil tanker, in the Strait of Hormuz, ratcheting up tensions in the region.
The seized vessel appears to be the missing oil tanker MT Riah
The UAE is monitoring the situation with international partners
Jeb Clulow, partner, Reed Smith, London looks at the impact of the Iran tensions on shipping in the region
A security level of 3 means that there is an imminent risk of an attack on a UK ship, according to the International Ship and Port Facility (ISPS) security code.
The cost of insuring Middle East oil shipments is soaring as tensions mount
A UK contingent of Royal Marines is being sent to the UAE and other GCC countries to protect British shipping and cargo in the Strait of Hormuz
Saudi Arabian foreign ministry reiterates that it does not want war with Iran, but is prepared for one if need be, as GCC navies step up Arabian Gulf patrols.
The move by the London insurance market’s Joint War Committee could push up premiums, tightening the screws on shippers operating services to the GCC.
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