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How shipping insurance rates are rising, as Hormuz, Bab al-Mandeb shut down
Insurance rates through Hormuz are currently four times the five-year average.
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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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rappler.com
Houthi Red Sea blockade would push oil prices higher
The Bab el-Mandeb connects the Red Sea with the Gulf of Aden and is a key route for crude and fuel shipments moving between the Middle East, Europe and Asia
