Conflicts in the Middle East（No.2） We have received information from our correspondents in U.K. and Singapore, Pandi Claims, regarding the recent update of the situation in the Middle East as of 4 March 2026 following attacks by the United States and Israel against Iran.   Escalation of Regional Conflict   The United States and Israel are currently conducting a large-scale offensive, including airstrikes and missile attacks against Iran. In response, Iran has launched massive retaliatory strikes using ballistic missiles and drones against Israel and U.S. military bases throughout the Middle East. The conflict zone has expanded to include Bahrain, the UAE, Qatar, Kuwait, Saudi Arabia, Oman, Jordan, and Cyprus .   Impact on Maritime Shipping   With the declaration of a blockade of the Strait of Hormuz and direct attacks on commercial vessels, the shipping industry is facing its most perilous situation in decades, causing severe disruptions to global maritime logistics.   GPS and AIS Interference: Over 1,000 vessels are experiencing GPS/AIS jamming/spoofing. Route Diversions: To avoid the Suez Canal and the high-risk zones, many ships have rerouted around the Cape of Good Hope in Africa.   Recommended Actions   It is strongly advised to avoid idling in high-risk waters. Operators must remain vigilant against GPS/AIS anomalies by strengthening visual monitoring and radar-based navigation . Furthermore, it is essential to urgently verify the validity and coverage of War Risk Insurance .   For details, please find attached the circular from our U.K. and Singapore correspondent, Pandi Claims.   We will provide further updates as further information becomes available.