The IEA warned that disruption in the Strait of Hormuz could push global oil demand into contraction in 2026 as supply losses and inventory declines accelerate.
CMA CGM confirmed its vessel CMA CGM San Antonio was attacked in the Strait of Hormuz, leaving crew members injured and the ship damaged.
A northbound bulk carrier was attacked by multiple small craft in the Strait of Hormuz, with crew safe and no environmental impact reported.
Borr Drilling said Arabia III has resumed work offshore Saudi Arabia, while Groa and Arabia II are due to restart in April 2026. The company also expects Odin to begin work next month and confirmed a new six-month award for Skald in Southeast Asia.
Boskalis and Van Oord have voluntarily repatriated employees and families from the Middle East after war broke out in the region, while other Dutch companies and Shell also moved non-essential staff.
CMA CGM is deploying alternative cargo corridors through the UAE, Saudi Arabia and Oman to keep Gulf logistics moving without relying on the Strait of Hormuz.
MSC has suspended all cargo bookings to the Middle East and instructed vessels in the Gulf region and those en route to proceed to designated shelter locations amid rising security risks near Hormuz and Bab el-Mandeb.
Maritime authorities and ship operators have reported a surge in GNSS and AIS interference across the Gulf, Red Sea, and Strait of Hormuz, prompting renewed navigation warnings and electronic security alerts.
