Emergency Alerts
Flash briefs for time-sensitive developments affecting energy markets and maritime operations.
Iran Begins Mining Strait of Hormuz; Three Ships Hit in Single Day
Iran has begun laying mines in the Strait of Hormuz, converting a drone-enforced closure into a semi-permanent minefield. Three vessels struck by projectiles on March 11, the heaviest single-day attack rate since the crisis began.
G7/IEA Authorize Largest-Ever Emergency Oil Release; Brent Crashes 10% to $88
G7 and IEA authorize coordinated release of 300-400M barrels from strategic reserves, the largest intervention in IEA's 52-year history. Brent crashes from $110 to ~$88.60.
France Deploys Carrier-Led Naval Coalition to Reopen Hormuz Transit
France deploying Charles de Gaulle carrier group with allied frigates to escort commercial vessels through Hormuz.
Iran's Assembly of Experts Elects Mojtaba Khamenei as Supreme Leader
Dynastic succession in Iran. Mojtaba Khamenei elected Supreme Leader, removing near-term prospect of ceasefire.
Six Major P&I Clubs Cancel War-Risk Coverage for Hormuz Transit
War-risk coverage withdrawn by six P&I clubs. Premiums surged from 0.2% to 1% of hull value, making Hormuz commercially unviable.