War-risk premiums for marine insurance surge as shipping disruptions escalate in the Strait of Hormuz due to ongoing ...
But while the world watches the price of Brent crude, a quieter, more technical crisis is unfolding behind the scenes: the collapse of marine insurance.
The United States has launched a $20 billion maritime reinsurance facility aimed at restoring shipping through the Strait of Hormuz as conflict with Iran disrupts global energy trade. The programme, ...
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