Diplomats negotiate in text. Shipping markets negotiate in fractions of a percentage point. Should the reported memorandum of understanding between the U.S. and Iran be
The wars in Ukraine and the Middle East are accelerating a historic redistribution of power, ensuring that the world emerging from these conflicts will look nothing like the one we know today
Shipping companies, insurers and energy traders are already changing operational behaviour as Middle East tensions disrupt routes, tighten insurance conditions and increase costs across the global maritime system, particularly around the Strait of Hormuz and the Red Sea
