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Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaWe’ll always have DubaiThe war of unintended consequencesIran warns it will hit US bases across region hours after president’s apologyIn the centre of the storm: what does the Iran war mean for Dubai?Trump’s war on Iran is spreading. Where does it stop?USUS HomeUS EconomyUS CompaniesUS Politics & PolicyThe war of unintended consequencesIran warns it will hit US bases across region hours after president’s apologyTrump’s war on Iran is spreading. Where does it stop?Donald Trump calls for more US military action in Latin AmericaUS draws up strict new AI guidelines amid Anthropic clashCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportIn the centre of the storm: what does the Iran war mean for Dubai?Is the nightmare scenario for global energy here?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesThe last of Hong Kong’s colonial-era trainee schemesShips in Gulf declare themselves Chinese to dodge attackTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaPalmer Luckey’s $1bn pitch to reboot 1990s video game consolesUS draws up strict new AI guidelines amid Anthropic clashGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnOracle and OpenAI scrap deal to expand flagship Texas data centreIran hits Amazon data centres in jolt to Gulf AI driveMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingIs the nightmare scenario for global energy here?Britain is now the home of the Middle ManInvestors are not ready for a true shockUS faced with few good options to tamp down surging oil pricesOil hits highest level since 2023 as Iran war triggers historic surgeClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersWe’ll always have DubaiThe war of unintended consequencesIs the nightmare scenario for global energy here?Britain is now the home of the Middle ManInvestors are not ready for a true shockLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnPapier founder: ‘I don’t own stocks or shares — it’s too much risk’Are you financially ‘prepped’ for higher inflation?Couples navigate their new money dynamicsWomen in the public eye keep watch as online attacks intensifyLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterWe’ll always have DubaiTrump’s war on Iran is spreading. Where does it stop?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesHereditary peer Lord Mancroft: ‘They don’t care about fox hunting. It’s about us’Marinelli: my 15-year quest to ski the biggest face in the AlpsHow To Spend ItCompaniesTransportShippingHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InUS politics & policyUS faced with few good options to tamp down surging oil pricesExperts say reopening Strait of Hormuz remains most viable option as ideas such as influencing futures market fadeMiddle East warUS agency to create $20bn reinsurance facility for Gulf shippingDevelopment Finance Corporation to offer coverage in hopes of restarting shipping through Strait of HormuzMiddle East warShips in Gulf declare themselves Chinese to dodge attackAt least 10 vessels have changed transponder messages in apparent attempt to avoid becoming targetsMiddle East warThe billionaire ‘buccaneer’ braving the Strait of HormuzGeorge Prokopiou’s Dynacom is one of the few legal operators willing to sail to and from the GulfMiddle East warIndustry doubts Trump plan to insure Gulf oil tankers as Iran war halts transitUS lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan saysContainer shippingMiddle East conflict strands ships with cargoes of fresh food and live animalsShipping companies struggle to reroute vessels as disruption starts to cause congestion at ports outside the GulfInsuranceGulf insurance costs soar 12-fold despite Trump guaranteeShipowners quoted millions of dollars in premium as brokers grapple with riskGlobal EconomyMaritime and ports businesses push for global shipping climate dealAlmost 90 international groups back ‘certainty’ on carbon levy opposed by USMiddle East military briefingMilitary briefing: how Iran could wage a new ‘tanker war’Attacks in the Strait of Hormuz echo the 1980s conflict. Here are the weapons Tehran can use against commercial shippingTransportUK lifts Russia-linked sanctions on British accountantJohn Michael Ormerod was added to UK sanctions lists as part of attempts to disrupt Russia’s shadow fleet of vesselsCK Hutchison Holdings LtdBlackRock-backed group pushes to close ports deal without Panama assetsMove comes after Central American country ejected Hong Kong-based CK Hutchison from canal terminalsUS politics & policyCan the US build ships again?Not if Trump refuses to follow his own administration’s best adviceRana ForooharMiddle East warHow western navies can keep the Strait of Hormuz openAlthough the narrow waterway is easy for Iran to block, playing offence could prevent global economic repercussionsJames HolmesTransportInsurers to cancel policies and raise prices for ships in Gulf and Strait of HormuzBrokers say cost of cover to increase by as much as 50% after conflict eruptsPanamaPanama hands canal ports control to Maersk and MSC after ejecting Hong Kong groupShipping companies to temporarily operate terminals after Supreme Court ruling against CK HutchisonSatellitesMusk’s Starlink to be tested against Eutelsat on French shipping fleetMove by CMA CGM comes amid European efforts to support OneWeb as a rival to SpaceX’s satellite networkTransportHapag-Lloyd to buy Israel’s Zim in $4.2bn shipping dealGerman group will carve out portion of business to serve trade routes into IsraelContainer shippingLex. Shipping giants have learned right lessons from past stormsCompanies should be able to navigate expected losses after shoring up balance sheets while times were goodContainer shippingMaersk fears first loss in a decade after rise in container shipping capacityArrival of new vessels ordered during boom times and the reopening of Red Sea route hits freight ratesUS-Iran tensionsUS shoots down Iranian drone as Middle East tensions escalateIranian gunboats also challenged US-flagged tanker in Strait of Hormuz days before planned negotiationsMaritime accidents and safetyRussian captain guilty of manslaughter after North Sea collisionVladimir Motin on duty when his vessel hit tanker carrying fuel for US militaryPanamaPanama court kicks Hong Kong’s CK Hutchison out of canal portsRuling comes after Donald Trump’s vow to ‘take back control’ of shipping lane and reassert US influence in the regionTransportFrance seizes Russia-linked oil tanker in MediterraneanPresident Emmanuel Macron says vessel was subject to western sanctionsContainer shippingMaersk resumes shipping through Red Sea after ceasefireIndustry’s return to the corridor would cut transit times and lower freight ratesMaritime accidents and safetyContainer ship captain ‘did nothing’ to prevent North Sea collision, court hearsVladimir Motin owed ‘duty of care’ to crew member who died after Solong hit Stena Immaculate last March, prosecutor saysHelp CentreContact UsAbout UsAccessibilityCareersSuppliersTerms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & PoliciesShare News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT SchoolsPortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency ConverterFT Live EventsFT ForumsFT Leaders AcademyMore from the FT GroupFT Editorial Code of PracticeUKSubscribe for full accessHomeWorldMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaUSUS EconomyUS CompaniesUS Politics & PolicyCompaniesEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportTechArtificial intelligenceSemiconductorsCyber SecuritySocial MediaMarketsAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingClimateOpinionColumnistsThe FT ViewThe Big ReadLexObituariesLettersLexWork & CareersBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItLife & ArtsArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterPersonal FinanceProperty & MortgagesInvestmentsPensionsTaxBanking & SavingsAdvice & CommentHow To Spend ItSpecial ReportsAlphavilleFT EditLunch with the FTFT Globetrotter#techAsiaMoral MoneyVisual and data journalismNewslettersVideoPodcastsNews feedFT SchoolsFT Live EventsFT ForumsFT Leaders AcademymyFTPortfolioFT Digital EditionCrosswordOur AppsHelp CentreSubscribeSign In

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