Overview

• The UKMTO advisory warns vessels to use heightened caution in the Gulf, Gulf of Oman and Straits of Hormuz due to increased military tensions.
• British security firm Ambrey assesses Israel-affiliated merchant ships face elevated risk of reciprocal military action.
• Ambrey also cautions that substantial U.S. backing for Israeli offensives would raise threats to U.S. shipping and cargo vessels.
• Washington and Tehran are set to hold talks this week on Iran’s nuclear program, with the U.S. pledging military action should negotiations fail.
• Jakob Larsen of BIMCO warns that a full-scale Israel-U.S.–Iran conflict could close the Straits of Hormuz for a period and trigger a spike in global oil prices.