Israel attacks on Iran inflame Mideast shipping tensions
There were no immediate reports of attacks on commercial shipping by Iran after Israel attacked nuclear targets there Thursday. But shipping analysts warned that could change amid rising tensions in the region.
As of early Friday vessel traffic was flowing through the Strait of Hormuz between Iran and Oman, the only route out of the Persian Gulf to global shipping lanes. GPS data showed container ships from Taiwan's Wan Hai and CMA CGM of France in the area.
United Kingdom Maritime Trade Operations (UKMTO), which monitors Middle East shipping, said increased tensions in the region 'could lead to an escalation of military activity having a direct impact on mariners. Vessels are advised to transit the Arabian Gulf, Gulf of Oman and Straits of Hormuz with caution.'
Iran still holds the 14,000-TEU container ship MSC Aries, which it detained in 2024.
The air attacks by Israel also killed two high-level Iranian military leaders.
Maritime analysts said increasing conflict could lead major container carriers to withdraw services in the straits, as attacks by Yemen-based Houthi rebels did in the Red Sea.
'If this leads to major container lines avoiding transits through the Strait of Hormuz, this will severely impact links to the major container terminal transshipment hubs inside the Persian Gulf such as Jebel Ali [in Dubai] and Port Khalifa [in Abu Dhabi], said analyst Lars Jensen, in a LinkedIn post. 'A ripple effect would be a sharp increase in handlings with a high risk of wider Asian congestion issues.'
Iran's state news agency Friday denied reports that it had struck back at Israel with drones. Tehran also accused the United States of aiding Israel's strikes, a charge denied by U.S. Secretary of State Marco Rubio.
The attacks by Israel pushed West Texas Intermediate crude oil prices by more than 9%, while crude oil futures rose 13%.
Find more articles by Stuart Chirls here.Geopolitical upheaval tops new shipping concerns surveyHouse investigator Yi to lead Marad
Early peak coming as trans-Pacific container rates double
Retailers see cargo surge coming
The post Israel attacks on Iran inflame Mideast shipping tensions appeared first on FreightWaves.
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Hamilton Spectator
an hour ago
- Hamilton Spectator
Iran retaliates after Israeli strikes target its nuclear program and military
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Israel's Fire and Rescue service said four homes were severely damaged. Meanwhile, the sound of explosions and Iranian air defense systems firing at targets echoed across central Tehran shortly after midnight on Saturday. An Associated Press journalist could hear air raid sirens near their home. Iran's semiofficial Tasnim news agency reported a fire at Tehran's Mehrabad International Airport. A video posted on X showed a column of smoke and flames rising from what the outlet said was the airport. The Israeli military said it carried out overnight strikes on dozens of targets, including air defenses, 'in the area of Tehran.' Israel's paramedic services said 34 people were wounded in the barrage on the Tel Aviv area, including a woman who was critically injured after being trapped under rubble. In Ramat Gan, east of Tel Aviv, an AP journalist saw burned-out cars and at least three damaged houses, including one where the front was nearly entirely torn away. 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Israel said it also struck a nuclear research facility in Isfahan, and said it destroyed dozens of radar installations and surface-to-air missile launchers in western Iran. Iran confirmed the strike at Isfahan. U.N. nuclear chief Rafael Grossi told the Security Council that the above-ground section of the Natanz facility was destroyed. The main centrifuge facility underground did not appear to have been hit, but the loss of power could have damaged the infrastructure there, he said. Netanyahu said the attack had been months in the making and was planned for April before being postponed. Israel's Mossad spy agency positioned explosive drones and precision weapons inside Iran ahead of time, and used them to target Iranian air defenses and missile launchers near Tehran, according to two security officials who spoke on condition of anonymity. It was not possible to independently corroborate those claims. Over the past year, Israel has been targeting Iran's air defenses, hitting a radar system for a Russian-made air defense battery in April 2024 and surface-to-air missile sites and missile manufacturing facilities in October. The first wave of strikes gave Israel 'significant freedom of movement' in Iran's skies, clearing the way for further attacks, according to an Israeli military official who spoke on condition of anonymity because he was not authorized to discuss details of the attack with the media. The official said Israel is prepared for an operation that could last up to two weeks, but that there was no firm timeline. Among those killed were three of Iran's top military leaders: one who oversaw the entire armed forces, Gen. Mohammad Bagheri; one who led the paramilitary Revolutionary Guard , Gen. Hossein Salami; and the head of the Guard's ballistic missile program, Gen. Amir Ali Hajizadeh. 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Time Business News
an hour ago
- Time Business News
Lunis App ($LNIS) Price Prediction 2025–2030
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