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The Economic Times

Economy / The Economic Times

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Iran conflict disrupts global shipping as tankers are stranded, damaged

War risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two seafarers have died. Around 150 ships are stranded near the Strait of Hormuz. Oil and gas prices have jumped. Shipping costs are set to rise further.

2 Mar 2026 7:16 pm