Iran's Islamic Revolution Guard Corps has threatened to strike vessels and pipelines transiting the Strait of Hormuz in an attempt to halt all regional oil flows. Operators, charterers and cargo owners must immediately review war risk insurance coverage and evaluate contingency routing away from the Persian Gulf. Expect sharp tanker rate spikes and war risk premium surges; urgent commercial decisions are required now.
Rate Direction
Rates up +40.00%
Time Horizon
immediate
Confidence
72%
Routes Affected
Strait of Hormuz / Persian Gulf / Indian Ocean / Cape of Good Hope / Red Sea / Suez Canal
Ports / Terminals
Jebel Ali / Bandar Abbas / Fujairah / Ras Laffan / Abu Dhabi (Khalifa Port) / Salalah / Port Said
Carriers
MSC / Maersk / CMA CGM / Hapag-Lloyd / COSCO / Evergreen / OOCL / NYK / MOL / K Line
Source
https://www.seatrade-maritime.com/security/iran-threatens-to-burn-ships-transiting-the-strait-of-hormuzpublished 03 Mar 2026, 02:10 UTC