Hormuz

Marine Insurance Becomes Key Tool for Shipping Protection

Renewed US-Iran hostilities sharply increase risks for global shipping: attacks on vessels, closure of key routes, rising fuel costs, insurance premiums, and logistics delays. Marine insurance is becoming a critical tool for business protection, ensuring financial stability, contract fulfillment, and operational risk reduction.

How Marine Insurance Changed After the Hormuz Crisis

The marine insurance market has become more expensive, stricter, and fragmented after the escalation around the Strait of Hormuz. Premiums have risen, routes have been rerouted, and insurers are selectively restricting coverage.

US Offers Iran to Drop Strait of Hormuz Fee in Exchange for Unfreezing Assets

The US and Oman seek ways to persuade Iran to abandon plans to charge ships for passage through the Strait of Hormuz.