Why Iran’s Hormuz exclusion zone changes the shipping risk calculus

Iran is preparing to draw a line at sea that no shipowner has seen before around a stretch of ocean it shares, uneasily, with the US Navy.

Iran is preparing to draw a line at sea that no shipowner has seen before not around a vessel’s flag, and not around a fee, but around a stretch of ocean it shares, uneasily, with the US Navy.

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