The diplomatic route in Iran is now exhausted, as last night the United States and Israel attacked Iran, sharply escalating security risks for commercial shipping in the Persian Gulf and adjacent waters, prompting immediate operational and insurance repercussions across the global maritime sector.According to Jakob Larsen, Chief Safety & Security Officer at BIMCO, the attacks “dramatically increase the security risk to ships operating in the Persian Gulf and adjacent waters…
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80…
Chevron is nearing a final investment decision for a capacity expansion of the Leviathan gas field off Israel's Mediterranean coast, but is still waiting for an Israeli permit to export the gas to Egypt as part of a $35 billion deal, it said on Wednesday…
Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 billion to supply gas to Egypt, NewMed, one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt…
Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes…
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