FacebookTwitterEmailLinkedin According to GMS’ latest ship recycling report, the global recycling market showed signs of cautious improvement in Week 31 of 2026. The week opened with a ceasefire and closed without one, which by now qualifies as continuity. On Monday, President Trump said the United States had halted strikes at Iran’s request while warning that attacks would resume without a new deal. By Wednesday, Tehran had struck American assets across the region and Washington had answered with strikes on dozens of Iranian military targets. By Thursday, the two were trading missile barrages, while Saudi Arabia joined in striking Iranian-backed proxies directly. The pause was announced on Monday and buried by Wednesday. Even the ceasefires are now on a weekly publication schedule. RelatedNews GMS: Shipping markets navigate new risks as conflict spreads beyond Hormuz EU proposes first Indian ship recycling yards for inclusion on approved list var jnews_module_21379298_0_6a708d84c607c = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21379298","include_category":"","exclude_category":"","include_author":"","include_tag":"1974,568,3317","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_form