War risk premiums soar in Hormuz crisis
Maritime insurance costs for vessels operating near the Strait of Hormuz have surged dramatically as military confrontation involving Iran, Israel and the United States disrupts one of the world’s most critical energy corridors, sending war-risk premiums up by more than 1,000 per cent in some cases and sharply raising the cost of shipping crude oil and liquefied natural gas. Insurance brokers and shipping executives say the escalation […]



