Lloyd’s of London stresses it is still insuring shipping in strait of Hormuz
Maritime insurer fends off criticism over cancelled policies and sharp price risesMiddle East crisis – live updatesThere is a price for everything: even the cost of insuring a ship travelling through the strait of Hormuz.Donald Trump’s proposals for the US to provide political risk insurance...
<p>Maritime insurer fends off criticism over cancelled policies and sharp price rises</p><ul><li><p><a href="https://www.theguardian.com/world/live/2026/mar/11/iran-war-live-updates-trump-oil-hormuz-protestors-us-israel-beirut-middle-east-latest-news">Middle East crisis – live updates</a></p></li></ul><p>There is a price for everything: even the cost of insuring a ship travelling through the strait of Hormuz.</p><p>Donald Trump’s <a href="https://www.theguardian.com/world/live/2026/mar/11/iran-war-live-updates-trump-oil-hormuz-protestors-us-israel-beirut-middle-east-latest-news">proposals for the US to provide political risk insurance</a> for seaborne trade in the Gulf may have given the impression a lack of cover was the reason why traffic through the key waterway has almost halted.</p> <a href="https://www.theguardian.com/business/2026/mar/11/lloyds-of-london-insurance-shipping-strait-of-hormuz-us-israel-iran">Continue reading...</a>
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