Iran conflict, Iran is reportedly considering closing the Strait of Hormuz, which is critical in transporting the world's oil.

As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs and surcharges from major carriers.

Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran's waters around the ...

Even if Iran does not close the Strait of Hormuz in response to Israel's attacks, much of the maritime shipping industry may stay away given the risks.