US Plans to Halt Vessels as it Aims to Disrupt Iran's Oil
President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters.Trump has vowed to restore a "maximum pressure" campaign to isolate Iran from the global economy and drive its oil exports to zero, in order to stop the country from obtaining a nuclear weapon.Trump hit Iran with two waves of fresh sanctions in the first weeks of his second-term…
Maritime Insurers to Keep Facilitating Free Trade as Trump's Tariffs Loom
The International Union of Marine Insurance (IUMI) has restated their intention to facilitate free maritime trade, as the protectionist measures were not in the interests of the marine insurance community. In an interconnected global economy, protectionism in the form of trade tariffs was said to run counter to IUMI’s values of securing free trade and maintaining and growing the global economy, the organization said at an executive meeting held earlier in February.Tension and conflict continue to impact free trade in the Black, Red, and Baltic areas.
