De Facto Blockade: Marine Insurers Pull Coverage for Hormuz as Conflict Escalates
LONDON/DUBAI — Global energy markets have been pushed to a precarious edge as the world’s leading maritime insurers prepare to terminate war-risk coverage for the Strait of Hormuz. Effective midnight on Thursday, March 5, 2026, a coalition of major providers—including Gard, Skuld, NorthStandard, the London P&I Club, and the American Club—will officially exclude the Persian […]
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