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Global shipping disrupted as tankers stranded, damaged
Cyprus Mail
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02 March 2026, 14:55
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Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, a seafarer killed and 150 ships stranded around the Strait of Hormuz. Shipping through the strait between Iran and Oman, which carries around one fifth of oil consumed globally as […]