India, July 10 -- US-Israel-Iran War Latest News: War risk insurance premiums for vessels in the Strait of Hormuz have skyrocketed to over $250,000 per voyage (approx. 2.5% - 3.5% of hull value) as renewed U.S.-Iran airstrikes strain a fragile ceasefire. Commercial traffic has slowed to a near halt with volume dropping roughly 92% as insurers force last-minute pauses and ships switch off tracking transponders.

US-Israel-Iran War Latest News: Vessels Transiting Strait of Hormuz Pricing War Risk

Marine war-risk insurance premiums for vessels transiting the Strait of Hormuz have sharply escalated from 2% to 3% of hull value within a 24-hour window, forcing underwriters to price coverage hours before transit or advise shipowners to pause vo...