When Shipping Becomes Uninsurable: The Real Cost of the US–Iran Standoff

While oil hovers near $100 a barrel, a deeper crisis is unfolding in the Strait of Hormuz. Escalating tensions have driven maritime war-risk insurance premiums through the roof. Every skirmish or missile alert now adds a hidden surcharge to the cost of moving goods by sea. These rising insurance bills threaten global trade. From coffee beans to smartphone chips, higher shipping costs will ripple through economies worldwide. Reports warn that without affordable coverage, predictable routes may vanish—making everyday products far more expensive.

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