War risk insurance companies advise suspending travel through the Strait of Hormuz

Insurance industry sources reported on Wednesday that some war risk insurers have advised shipping companies to temporarily halt their voyages through the Strait of Hormuz, while others are reviewing the terms of their insurance policies, following expectations of a return to a state of war between Iran and the United States in the wake of renewed attacks.
Insurance industry sources reported on Wednesday that some war risk insurers have advised shipping companies to temporarily halt their voyages through the Strait of Hormuz, while others are reviewing the terms of their insurance policies, following expectations of a return to a state of war between Iran and the United States in the wake of renewed attacks.
The attacks on Tuesday on three oil tankers in this vital waterway prompted Washington to revoke the license allowing Iran to sell oil and to launch raids on Iranian targets last night.