Mc Garry News Today

Most shipping through the Red Sea continues despite the Houthi attacks, although an increase in passes around the Cape of Good Hope is becoming visible in the data

A broader conflict involving Iran could lead to attacks on ships in the Strait of Hormuz—disrupting the global energy market.

In July, Iranian forces tried to seize a pair of merchant vessels, only to be deterred by nearby U.S. Navy ships. But how much can be done without triggering armed confrontation is unclear.

Bringing shipyards back to the West will take enormous investment.

The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such as insurance, may have unintended