Major insurers CANCEL coverage for vessels crossing Strait of Hormuz, sparking global shipping crisis
- In world
- Mar 05, 2026, 06:00 AM
- By Ramon Tomey
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Major insurers including Gard and London P&I Club canceled war risk coverage for vessels in the Strait of Hormuz following Iranian retaliatory strikes, effective March 5. This threatens to halt 20% of global oil trade and trigger an energy price crisis. The I…
- Major insurers including Gard and London P&I Club canceled war risk coverage for vessels in the Strait of Hormuz following Iranian retaliatory strikes, effective March 5. This threatens t… [+5027 chars]
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