Straits of Hormuz is basically defacto closed even if the Iranians don’t really do anything.
Insurers are cancelling policies and premiums have hiked to +50% of vessal value from 0.25% pre war. Anyone still trading is risking their multi million dollar ship and will probably pull out or stay put.
Insurers are cancelling policies and premiums have hiked to +50% of vessal value from 0.25% pre war. Anyone still trading is risking their multi million dollar ship and will probably pull out or stay put.
