Marine war risk insurance premiums may decline further if the emerging US-Iran agreement contributes to lasting stability in the Middle East, according to industry experts. Reduced geopolitical tensions could lower the perceived threat to commercial shipping routes, particularly in strategically Read More …
Tag: Marine Insurance
Marine War Risk Premiums May Fall if US-Iran Agreement Holds
Experts warn that reopening the Strait of Hormuz will not eliminate ongoing geopolitical and maritime shipping risks.
The reopening of the Strait of Hormuz, one of the world’s most critical maritime trade routes, is unlikely to eliminate risks facing the global shipping industry, according to industry experts. While the move may ease immediate concerns over trade disruptions, Read More …