Michael Walls from Marsh says the U.S. government insurance proposal for shipping through the Strait of Hormuz could only ...

Edward Finley-Richardson of Contango Research explains the spillover effect of the U.S.-Iran war on the global shipping ...

London-based reinsurers of ships are canceling their coverage of war risk and demanding 200% more to reinstate policies, ...

As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than ...

The United States unveiled a $20 billion maritime reinsurance plan aimed at protecting shipping and stabilising trade through ...

Pakistan’s oil industry has asked the State Bank of Pakistan to temporarily allow petroleum imports on a cost, insurance and freight basis as geopolitical ...

President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.

More than a thousand ships are stranded outside the Strait of Hormuz, bobbing in the water. A big reason? Insurance. War insurance premiums have skyrocketed since the war with Iran began. It’s an ...

Treasury Secretary Scott Bessent joins CNBC's "Squawk Box" to discuss the ongoing war in Iran, impact on oil prices, how U.S.

Global oil prices inched higher after US President Donald Trump announced new measures to protect vessels moving through the Strait of Hormuz, a critical route ...

London-based reinsurers of ships are said to be cancelling their coverage of war risk and demanding 200% more to reinstate policies after a US submarine sank an Iranian warship off Sri Lanka.