U.S. doubles Hormuz tanker insurance to $40 Billion
US President Donald Trump announced plans to reopen the strait in early March, framing it as a step to safeguard global trade. The DFC, which initially partnered with Swiss-American insurer Chubb, promised further instructions for ships seeking coverage in the coming days.
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- 06 Mar, 19:14
- Analytics
China is seeking guarantees from Iran that its oil and liquefied natural gas tankers can safely pass through the Strait of Hormuz amid rising regional tensions.
The conflict has effectively blocked one of the world’s most important shipping routes, disrupting roughly one-fifth of global oil and gas supplies. China, a longtime ally of Iran, transports about 45% of its crude oil through the strait, The Caspian Post reports via foreign media.





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