The escalating Israel-Iran conflict has prompted shipowners to exercise an extra degree of caution in both the Red Sea and the Strait of Hormuz.

The Strait of Hormuz is located between Iran to the north and Oman and the United Arab Emirates (UAE) to the south. It connects the Persian Gulf to the Gulf of Oman, and then to the Arabian Sea.

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Strait of Hormuz is a significant and strategic route for shipping in the region as around a fifth of the global oil shipments pass via the route each year.

Unverified reports are circulating about three ships ablaze in the Gulf of Oman, near the Strait of Hormuz, heightening regional tensions. These claims, accompanied by photos, raise concerns about the ...

Crude prices bounced as news of fresh attacks rolled in, including another wave of Iranian missiles launched at Israel and more Israeli strikes on Iran. Front-month WTI crude oil futures were 2.1% ...

Reports of the latest missile attacks on Israel circulated on Iranian state media hours after Israel said it had attacked a ...

Israel's military says it struck a "communications centre of the Iranian regime", but Iran calls the attack a "war crime".

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