By Connor Hart
Cruise operators were hard-hit in premarket trading Monday, as investors anticipate shipping interruptions resulting from the escalating conflict across the Middle East.
Shares of Royal Caribbean fell 6.8%, to $289.77, while shares of Carnival were down 7.5%, to $29.19.
Norwegian Cruise Line's stock sank 6.8%, to $23.11. The cruise operator also ahead of Monday's opening bell reported lower fourth-quarter profit and said it was facing challenges from the mistiming of its increase in Caribbean capacity.
A sweeping regional war is unfolding across the Middle East. The U.S. and Israel launched coordinated strikes inside Iran, triggering a cascade of retaliatory attacks that have pulled much of the region into open conflict.
The conflict has choked the flow of goods through the critical Strait of Hormuz. Oil prices have surged more than 6% to $71.24 a barrel as supply risks have mounted.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 02, 2026 07:42 ET (12:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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