Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping

3 March 2026 Vanshika

N Shorts

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surgingLeading maritime insurers have cancelled war risk cover for vessels operating in the Gulf as the escalating Iran conflict disrupted shipping and sent some freight costs surging.At least 150 vessels including oil and liquefied natural gas tankers have dropped anchor in the strait of Hormuz and surrounding waters, and at least three tankers were damaged and one seafarer killed over the weekend. Continue reading…

Read Full Story

Technically enhanced content presented under fair use in public-interest journalism.

Vanshika

Meet Vanshika, a promising trainee at Newzquest.in, who plays a vital role in managing the news site’s operations with dedication and precision. With a strong interest in economics and data-driven insights, Vanshika focuses on analyzing economic trends to provide clear and timely news reporting. Her analytical mindset and eagerness to learn have made her an important contributor to the editorial process, enhancing content quality and aligning with the diverse expectations of Newzquest’s audience. Committed to continual growth, Vanshika actively deepens her understanding of the news landscape to offer nuanced insights on critical issues, helping foster a well-informed community.