Cruise Stocks Sink as Middle East Conflict Interrupts Shipping

Dow Jones03-02
 

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.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment