How the Iran conflict has rattled global energy markets
The main source of concern is Tehran’s influence over shipping in the Strait of Hormuz
Results for “Maritime insurers”
3 stories found
Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping
Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging Leading maritime insurers have cancelled war risk cover for vessels operating in the Gulf as the…
Strait of Hormuz closure sparks concern over possible global oil shock
The conflict in Iran is leading to fears of a new global oil shock. Crude futures spiked by some 8% on March 2nd as Iranian attacks on tanker ships in the Strait of Hormuz have resulted in the…