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Hormuz, Red Sea spark a 1,000% war-risk premium shock
War-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fresh Houthi attacks and the US-Iran conflict are raising voyage costs, increasing crude import expenses for India and adding fresh uncertainty to global oil markets.
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cryptobriefing.com
Red Sea insurance costs surge as Houthi blockade intensifies
Insurance costs for Red Sea shipping surge due to Houthi blockade. Ships transiting Hormuz by July 31 at 15.2% YES.
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oilprice.com
Houthi Threats Ignite New Oil Price Surge | OilPrice.com
Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions.
