ijra — Live news map of the Middle East, Sudan and Pakistan

International Union of Marine Insurance: insurance coverage for ships in Hormuz continues

Strait of Hormuz, Iran ·

IUMI said insurers assess the risk of each voyage separately, based on the vessel, its cargo and its commercial relationships, even as war-risk premiums have risen sharply.

The Strait of Hormuz is a narrow waterway linking the Gulf with the Arabian Sea, and a large share of the world's seaborne oil passes through it.

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