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The Economic Times

Economy / The Economic Times

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Iran-Israel War: The Gulf waters turn riskier as insurers pull the war-risk plug

Iran-Israel War: Leading maritime insurers have halted war-risk coverage for vessels entering the Persian Gulf, signalling mounting security fears in a critical energy corridor. The move affects ships in the Gulf of Oman and near Iran, forcing owners to rethink routes and insurance costs. With protection diminished, carriers could see lower traffic or higher premiums as risk models tighten.

2 Mar 2026 11:49 am