Hormuz Shut Down: Three Tankers Hit, P&I Clubs Pull War Risk Cover as Iran War Escalates
The Strait of Hormuz is effectively closed to commercial traffic after IRGC strikes hit three tankers. P&I clubs withdrawing war risk coverage by March 5.
The US-Israeli military campaign against Iran, now entering its third day, has triggered the most severe maritime disruption since the 2023-2025 Red Sea crisis — but on a far greater scale. The Strait of Hormuz is effectively closed to commercial traffic, three tankers have been struck by missiles, and the world's largest P&I clubs are pulling war risk …
