War risk insurance premiums for shipments to the Middle East Gulf have surged to 0.5% from 0.2-0.3% due to escalating tensions in the region. The increase is attributed to US airstrikes on Iran's nuclear facilities and growing risks to the critical Strait of Hormuz.
image sourced from original article at https://www.timesofisrael.com/liveblog_entry/escalating-hormuz-tensions-drive-up-middle-east-war-risk-insurance-costs-sources-say/Original article source: https://www.timesofisrael.com/liveblog_entry/escalating-hormuz-tensions-drive-up-middle-east-war-risk-insurance-costs-sources-say/
Source Id: 2025-06-757039258
