{"id":6005,"date":"2026-08-25T22:41:51","date_gmt":"2026-08-25T22:41:51","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=6005"},"modified":"2026-08-25T22:41:51","modified_gmt":"2026-08-25T22:41:51","slug":"this-is-obviously-a-very-very-lucrative-business-for-them-somali-pirates-are-back-the-iran-war-is-keeping-the-us-too-busy-to-stop-them","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=6005","title":{"rendered":"\u2018This is obviously a very, very lucrative business for them\u2019: Somali pirates are back\u2014the Iran war is keeping the US too busy to stop them"},"content":{"rendered":"
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As of August 22, six commercial vessels have been seized since April across the Gulf of Aden and the western Indian Ocean. That is up from Politico<\/em>\u2019s report that Somali pirates had seized at least three tankers carrying oil and fertilizer since April, while a chemical-carrying ship was hijacked off Yemen in July. The latest attacks have occurred as the United States and other countries have concentrated naval forces around the Persian Gulf, the Strait of Hormuz and the Red Sea.\u00a0<\/p>\n

Read more I talked to 68 adults who went no-contact with their families \u2014\u00a0and they all had one thing in common<\/a><\/p>\n

The White House did not immediately comment to\u00a0Fortune<\/em>\u00a0on the ongoing situation.<\/p>\n

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Brett Erickson, a managing principal at Obsidian Risk Advisors, told Politico<\/em> the pirates were benefiting from the diversion of American resources. He described the pirates as \u201cprofiteers.\u201d<\/p>\n

\u201cThis is obviously a very, very lucrative business for them,\u201d he said, \u201cand right now they have a far lower risk of American reaction to it because so many resources are tied up in the Middle East in general.\u201d<\/p>\n

Erickson also warned that piracy is becoming significant as it emerges alongside several other threats to shipping. He explained, \u201cwe\u2019re now looking at multiple vectors\u201d that increase prices for maritime companies and force them to de-risk entirely. He said Somali piracy by itself may not be enough to fundamentally disrupt global shipping, but every additional attack matters when companies are already dealing with disruptions elsewhere in the region.<\/p>\n

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The Iran War began in February, with US airstrikes on Iran leading to conflicts centering on a part of the Strait of Hormuz\u2014a narrow waterway through which a major share of the world\u2019s seaborne energy trade normally travels. Attacks on commercial vessels and the confrontation over access to the strait have caused shipping traffic to collapse. Based on reports from the United Kingdom Maritime Trade Operations, there have been 41 recent incidents in the Bab el-Mandeb Strait and the Strait of Hormuz as of August 25.<\/p>\n

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As of August 24, fewer than 20 commodity vessels crossed the Strait of Hormuz over the weekend, according to Reuters.<\/p>\n

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The increase, however, still doesn\u2019t match the scale of Somalia\u2019s piracy crisis at its peak. Somali pirates carried out more than 1,000 attacks between roughly 2005 and 2012, imposing more than $400 million in ransoms and, at its peak, costing the global economy an estimated $18 billion a year. International naval patrols, including operations involving NATO, the EU and the 47-nation Combined Maritime Forces, eventually brought the threat under control.<\/p>\n

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\u201cThe threat from Somali pirates itself may not be fatal,\u201d Erickson told Politico<\/em>, \u201cbut combined with all the other factors, their actions are making a significant difference.\u201d<\/p>\n

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Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.<\/p>\n","protected":false},"author":1,"featured_media":6004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[],"class_list":["post-6005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran"],"yoast_head":"\n\u2018This is obviously a very, very lucrative business for them\u2019: Somali pirates are back\u2014the Iran war is keeping the US too busy to stop them - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=6005\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018This is obviously a very, very lucrative business for them\u2019: Somali pirates are back\u2014the Iran war is keeping the US too busy to stop them - 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