How the Gulf crisis redrew the map of maritime risk

A piracy incident in Gulf of Guinea has caused the death of an engineer and the kidnapping of 15 crew members. Source: https://www.vesselfinder.com/

When private insurers pulled out of the Persian Gulf within 72 hours of US and Israeli strikes on Iran, they didn’t just reprice risk they effectively closed the Strait of Hormuz without firing a single shot.

Global insurers pull war risk cover amid Gulf escalation

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