Following the failed peace agreement talks with Iran, the United States has sent more than a dozen ships to restrict the vessels entering and leaving the Iranian ports. Despite the agreement of a temporary ceasefire between the US and Iran, mediated through Pakistan, the United States has taken a further step that has placed the Strait of Hormuz under renewed pressure, raising concerns over the safety and predictability of shipping in the region. Following Tehran’s refusal to

As a result of the joint Israeli and US strikes on Iran in early March, the Iranian government has taken a retaliatory step and announced the de facto closure of the Strait of Hormuz, an extremely vital shipping route. With around 3,000 vessels passing through this important seaway each month, the disruption creates significant challenges for the global shipping industry, particularly regarding commercial shipping operations, maritime law and marine insurance risk allocation.