Insurance shows Hormuz is a balance sheet, not just a battlefield
Here’s the number that tells you more about this crisis than any missile count: War-risk insurance on a tanker passing through Hormuz used to run about 0.15 percent of the vessel’s value. Barely worth mentioning on a shipping company’s books. At the height of the fighting this year, that same premium climbed to somewhere between […] The post Insurance shows Hormuz is a balance sheet, not just a…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
