Strait of Hormuz crisis: Insurers cancel policies, raise war risk premiums on ships after Israel strikes on Iran-Report
Insurers have moved to cancel policies and sharply raise premiums for vessels traveling through the Gulf and the Strait of Hormuz following the US and Israeli attacks on Iran, according to a report. War risk underwriters submitted cancellation notices for ships operating through the key oil chokepoint ahead of trading reopening on Monday, brokers told…