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.






![Scattered debris and smoke, at an unknown location, during what the U.S. Central Command (CENTCOM) says are strikes on Iran, in this screengrab taken from a handout video released on July 22, 2026. U.S. Central Command/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. OVERLAY AND MASKING FROM SOURCE. REFILE - REMOVING EXTRA WORD "FOLLOWING". VERIFICATION: - Location and date could not be verified. - No earlier version of the video found posted online before Wednesday (July 22). [Reuters]](/wp-content/uploads/2026/07/image-1784784872.jpg?resize=770%2C513&quality=80)

Killing of three US soldiers at Jordan base shows Iran maintains the ability to exact deadly toll in grinding conflict.
Iran says two people killed and 11 wounded in a US missile attack on a major border crossing between Iran and Iraq.
Many cases related to security offences are prosecuted using a law announced after last year’s 12-day war with Israel.

Iran activated air defence systems across Tehran on the 11th night of US strikes.
Reports suggest the Trump administration backs a pact with Saudi Arabia allowing it to enrich uranium.
About 6 million barrels of crude per day that pass through the strait to Asia are now at risk, experts say.
The US must rapidly replenish its stockpiles of weapons as the war on Iran rages on.
Defense Secretary Pete Hegseth tells US senators that the war has cost the US $37.5bn so far.
US Secretary of State says Iranian control over Strait of Hormuz sets ‘dangerous precedent’, as attacks continue.

Explosions could be heard over Tehran as the US army said it had completed its 11th consecutive day of strikes on Iran.