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Maersk Suspends More Container Services on Middle East Risks

Maersk will temporarily halt its FM1 Service, which connects the Far East to the Middle East, and its ME11 Service, which links the Middle East to Europe, according to a notice to customers on March 6.

March 6, 2026

Strait of Hormuz Shipping Is at Near-Total Halt

A review of shipping signals have confirmed only two commercial transits in the past 24 hours, the Joint Maritime Information Center said in a note on March 6.

March 6, 2026

Oil Tops $81 a Barrel, Highest Mark Since July 2024

The U.S. oil futures rally took another move higher, sending prices to their highest in about 20 months as investors price in a prolonged war in the Middle East that could upend crude flows.

March 5, 2026

Airlines and Trucking Companies Add Jet Fuel Shields

Airlines and other large fuel buyers have been loading up on oil derivatives contracts in recent days to keep their bills from spiraling as the U.S.-Iran war pushes prices to multiyear highs.

March 4, 2026

Shippers and Oil Traders Seek Details on Trump’s Convoy Plan

With ships unable or unwilling to transit the Strait of Hormuz, producers cannot export, supertanker costs are skyrocketing and storage at many Persian Gulf refineries is filling up fast. 

March 4, 2026

Trump Says US Will Escort, Insure Tankers for Hormuz Routes

President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz.

March 3, 2026

Trump Team Holds Oil Reserve Despite Price Spike

A decision to tap the Energy Department’s Strategic Petroleum Reserve could help stanch price spikes, at least temporarily. The reserve currently holds about 415 million barrels.

March 3, 2026

LNG Tanker Offers Jump 100% to $200,000 After Qatar Halt

Shipowners and brokers are demanding more than $200,000 a day for LNG tankers in the Atlantic Basin, roughly double what they were commanding less than a day earlier, according to sources.

March 3, 2026

Agriculture Markets Brace for Prolonged Iran Turmoil

Agriculture traders rushed to adjust positions with the escalating conflict in Iran threatening to disrupt supply chains from corn and soybean meal to fertilizer and sugar.

March 2, 2026

Containership Giants Move Freight Away From Gulf Hot Spots

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges to transport containers through the conflict zone. 

March 2, 2026