How shipping insurance rates are rising, as Hormuz, Bab al-Mandeb shut down
Insurance rates through Hormuz are currently four times the five-year average.

Insurance rates through Hormuz are currently four times the five-year average.









Authorities detain ferry crew members after drug tests reveal violations in Guyana’s worst marine disaster in decades.
Washington vows revenge for US military casualties, while Iran claims attacks on US sites across the region.
The seizure of the Asana is the latest in a rapidly growing wave of piracy sweeping the Gulf of Aden.

Air strikes intensify raising fear of an all-out war.

After the Strait of Hormuz, Iran’s IRGC warns it could next target Bab al-Mandeb.
Operation would be a dramatic military spectacle but would carry costs analysts doubt Washington is willing to incur.
Donald Trump backs away from fee, says regional countries will instead invest in US in return for transit protection.
US President Donald Trump says he has abandoned his proposed 20% fee on cargo transiting the Strait of Hormuz.

India summoned Iran’s deputy ambassador after an Indian crew member was killed in the Strait of Hormuz.
Trump says the US will start charging a cargo fee for ships passing through the Strait of Hormuz.