00:01Shipping in the Gulf has been disrupted as the widening Iran conflict has left at least four
00:07tankers damaged, two seafarers killed and 150 ships stranded around the Strait of Hormuz.
00:13The strait between Iran and Oman carries around one-fifth of oil consumed globally as well as
00:19large quantities of gas. Vessels in the area were hit as Iran retaliated two US and Israeli strikes.
00:26Fears of a prolonged closure have caused oil and European natural gas prices to jump.
00:33Brent crude futures were up more than 8 percent as the conflict triggered multiple oil and gas
00:38shutdowns in the Middle East. Shipping data showed at least 150 vessels had dropped anchor in the
00:44strait and surrounding waters on Sunday. Iran has said it closed navigation through the critical
00:50waterway, prompting key buyers such as Asian governments and refiners to assess oil stockpiles.
00:55A US-flagged products tanker was damaged by aerial impacts while berthed in the Gulf,
01:01the vessel's owner said in a statement. A projectile also hit a Marshall Islands-flagged
01:07product tanker, killing a crew member as the vessel sailed off the coast of Oman, its manager said.
01:12As a result, marine insurers are cancelling war risk coverage for Iranian, the Gulf and adjacent
01:18waters, according to notices. Ship owners are also deterred from sending vessels to the region,
01:24sources and analysts said. Meanwhile, the market will need more ships to load crude from the US
01:29and West Africa, a source from a shipping company said.
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