War Risk Insurers Cancel Persian Gulf Coverage as Premiums Soar Fivefold

Seven major P&I clubs cancel Persian Gulf coverage amid 72-hour notices. War risk premiums spike to 1-1.5% of vessel value, leaving 150+ tankers stranded.

Major Insurance Clubs Suspend Persian Gulf Coverage Amid Crisis

Seven of the twelve International Group P&I Clubs issued coordinated 72-hour cancellation notices for war risk coverage in the Persian Gulf, effectively withdrawing marine insurance capacity from one of the world's most critical energy transportation corridors. The unprecedented action stran…