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Insurance Strait of Hormuz crisis Red Sea Risk

Hormuz war risk cover tops $10m for single VLCC trip

  • US Hormuz hostilities fuel war risk premium hikes
  • Cover may be drying up for vessels with Saudi touchpoints
  • Ukraine drone strike in Caspian sparks fears that conflicts could merge

  • News

War risk premiums for Strait of Hormuz transits have surged back into double digits for some owners as renewed US-Iran hostilities and Houthi attacks drive insurers to reassess Gulf exposure, with a growing number now reluctant to cover Saudi-linked vessels

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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