War Risk
Energy
Macro
Insurance Markets, Not Missiles, Closed the Strait of Hormuz — And Won’t Reopen Soon
War risk premiums surged 15-25x within 48 hours, forcing shipping companies to pay $4 million per vessel to reroute via Panama Canal as economic blockade persists beyond military strikes.
Energy
Geopolitics
Marine Insurers Brace for 50% Premium Surge as Gulf Tensions Threaten World’s Critical Oil Chokepoint
War risk rates for vessels transiting the Strait of Hormuz could spike to unprecedented levels as US-Iran conflict escalates, threatening 20% of global oil flows and reshaping energy security calculations across Asia.