Iranian forces' threat to ships in the crucial Strait of Hormuz has driven up payments for the insurance that underpins the ...

Premiums have climbed sharply to 1-1.5% in many high-risk regions, and in extreme cases have surged to 3-7.5% of a ship’s ...

LONDON, March 29 (Reuters) - A widely expected ban on European insurance cover for Iranian oil exports from July 1 is threatening to curtail shipments and raise costs for major buyers such as Japan ...