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US-listed shipping firms jump on Middle East conflict

ReutersMar 2, 2026 1:16 PM

Shares of U.S.-listed shipping firms jump premarket as Iran conflict widens in the Middle East

Shipping traffic in the Gulf shut after a weekend of bombing that killed Iran's supreme leader, dragging the region into war

Geopolitical tensions raise the risk of oil supply disruptions, prompting shippers to reroute shipments, potentially driving up freight rates due to longer routes

Oil tankers surge premarket: Nordic American Tankers NAT.N 12%, Frontline FRO.N 7%, Teekay Tankers TNK.N 7%, International Seaways INSW.N 4%, DHT DHT.N 10%

Pyxis Tankers PXS.O up 12%, Navios Maritime NMM.N up 3% on thin volume

European shippers Maersk MAERSKb.CO and Hapag-Lloyd HLAG.DE leaping on Mon

Breakwave Tanker Shipping ETF BWET.P up 25% before the bell

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