Shipping & Freight #shipping#choke points
Strait of Hormuz Risk Soars: War Risk Insurance Premiums 33 Times Normal, Shipowners in 'Absolute Confusion'
War risk insurance premiums for the Strait of Hormuz have surged to 33 times normal levels amid unprecedented geopolitical tensions and misdeclared hazardous cargo, according to FreightWaves. Shipowners are in a state of 'absolute confusion' as the industry shifts from efficiency to resilience. The development threatens supply chain stability for oil and containerized trade through one of the world's most critical maritime chokepoints.
Jul 15, 2026 1 source