Insurers announced they were cancelling war risk coverage after the IRGC said the Strait of Hormuz was 'closed'.
Insurers announced they were cancelling war risk coverage after the IRGC said the Strait of Hormuz was ‘closed’.
Oil prices soar, stock markets fall amid US‑Israeli strikes on Iran
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Insurance companies are cancelling war risk coverage for vessels in the Middle East Gulf as the widening United States/Israel-Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead.
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