Ship insurance prices crossing the strait of Hormuz have surged over 60% since the onset of the war between Israel and Iran, amid escalating threats to shipping in this vital waterway for transporting crude oil, according to Financial Times.
Ship insurance prices crossing the strait of Hormuz have surged over 60% since the onset of the war between Israel and Iran, amid escalating threats to shipping in this vital waterway for transporting crude oil, according to Financial Times.