If recent years have taught shipowners anything, it’s the far-reaching impact of geopolitical conflicts. The dislocation of global energy flows following Russia’s 2022 invasion of Ukraine and attacks on Red Sea shipping by Yemen’s Houthis since late 2023 have proven to be prolonged and destabilizing - quick to escalate and slow to resolve.
Now the shipping industry is facing a new crisis following Israel’s 13 June attack on Iran and its nuclear facilities (MEES, 13 June). As MEES went to press, the two countries were still launching strikes against each other, with no signs of a ceasefire amid concerns that the US might join the conflict (MEES, 20 June). (CONTINUED - 914 WORDS)
