Shipping is Afire | Attacks off Kuwait | No Escorts, the Strategic Petroleum Reserve & the Jones Act

The March 12, 2026, update discusses the attack on two tankers off the coast of Kuwait and a containership off the UAE. We provide an update on shipping news including some national perspectives. Finally, an examination of Secretary Wright’s comments about convoying, the issues with conducting convoy operations and the proposal to waive the Jones Act for 30 days in an effort stem fuel costs in the United States.

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00:00 Introduction 02:11 March 12 Update Persian Gulf/Strait of Hormuz 06:59 News Updates 09:48 How the US is Fumbling Global Shipping: Escorts, SPR & The Jones Act