Miner Company
Marine War Insurance For Hormuz Dries Up As Middle East War Intensifies
Ships wanting to pass through the Strait of Hormuz are finding it almost impossible to buy hull war cover following the conflict between Iran and the US and Israel. The Strait, a narrow stretch of water connecting the Persian Gulf and the Gulf of Oman, is a key shipping lane through which roughly 20% of the world's seaborne oil and gas is transported.
Ships wanting to pass through the Strait of Hormuz are finding it almost impossible to buy hull war cover following the conflict between Iran and the US and Israel. The Strait, a narrow stretch of water connecting the Persian Gulf and the Gulf of Oman, is a key shipping lane through which roughly 20% of the world's seaborne oil and gas is transported.