Australian National Review - Hormuz War Risk Premiums Spike – Euronews

Australian National Review - Hormuz war risk premiums spike – Euronews

War risk premiums for a single tanker voyage have reportedly seen a 15- to 30-fold increase The US-Israeli war with Iran has made the Strait of Hormuz the world’s most expensive waterway for shipping, as it has triggered a massive surge in war risk insurance premiums, according to Euronews. Before the US-Israeli war on Iran, the Strait of Hormuz handled roughly 20% of the world’s seaborne crude oil. Now, Iranian retaliatory attacks on tankers, a…

War Risk Coverage Exit Credit Negative for Exposed U.S. Marine Insurers

Fitch Ratings expects the withdrawal of hull war risk marine insurance coverage in the Persian Gulf to be credit negative […]