Insurers to cancel policies and raise prices for ships in Gulf and Strait of Hormuz
Brokers say cost of cover to increase by as much as 50% after conflict erupts
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Vessels seeking protection may be required to take out cover from programme run by Development Finance Corporation
The other Strait of Hormuz shock
Disruption to commodities far beyond oil and gas will have a long-lasting impact
Industry doubts Trump plan to insure Gulf oil tankers as Iran war halts transit
US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says