Global shipping giant Maersk has suspended services at Israel’s Haifa Port due to escalating regional conflict, especially after Israel’s airstrikes on Iran and Iran’s retaliatory missile attacks. The move raises fresh concerns over global trade routes, as key maritime passages like the Strait of Hormuz have become increasingly risky. Other Maersk operations in the region remain unaffected. Meanwhile, tanker shipping costs have surged sharply, with rates doubling within days, indicating the broader economic fallout of the ongoing Middle East tensions.