Tanker Insurance Premiums in Strait of Hormuz Surge to 7.5%-10% Amid Rising Attacks on July 23

According to S&P Global Energy, war risk insurance premiums for tankers in the Strait of Hormuz surged from 1%-3% to 7.5%-10% on July 23 as repeated attacks discourage insurers from providing coverage. Only 10 vessels transited the strait on Tuesday, compared to over 130 daily before the Middle East conflict, as some operators avoid the route.
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