Lloyd's Of London Says Gulf Tanker Coverage Available As Strait Chaos Erupts Again

Lloyd's Of London Says Gulf Tanker Coverage Available As Strait Chaos Erupts Again What caught the attention of one UBS analyst earlier this morning was a Financial Times report stating that Lloyd's of London is pushing back against claims that insurers are choking off traffic through the Strait of Hormuz. As we have outlined, tanker flows are beginning to creep higher in the strait by midweek, with some tankers switching off their transponders while transiting the narrow waterw...

By Tyler Durden