NARA & DVIDS Public Domain Archive
The newspaper called the release of these notices an unusual move, showing that the conflict in the Middle East is getting worse.
On February 28, the United States and Israel initiated military operations against Iran. They carried out more than a thousand missile attacks, including strikes on the homes of the country's political and military leaders. Tehran responded in kind to Israel and the Persian Gulf states.
US President Donald Trump said the American military will keep attacking Iran until all of Washington's goals are fully reached.
Dylan Mortimer, who heads marine insurance at the brokerage Marsh, told the FT that insurers are worried Iran might block shipping through the Strait of Hormuz. He mentioned that insurers are also worried about efforts to take control of ships moving through the strait.
Mortimer pointed out that if Israel and the United States keep attacking Iran, Iran is likely to use tactics like limiting shipping in the area as a form of pressure.
Brokers anticipate that once current policies are canceled, insurers will revisit their terms to adjust for increased costs, but they will still provide coverage for ships sailing in the risky area.
source: ft.com
On February 28, the United States and Israel initiated military operations against Iran. They carried out more than a thousand missile attacks, including strikes on the homes of the country's political and military leaders. Tehran responded in kind to Israel and the Persian Gulf states.
US President Donald Trump said the American military will keep attacking Iran until all of Washington's goals are fully reached.
Dylan Mortimer, who heads marine insurance at the brokerage Marsh, told the FT that insurers are worried Iran might block shipping through the Strait of Hormuz. He mentioned that insurers are also worried about efforts to take control of ships moving through the strait.
Mortimer pointed out that if Israel and the United States keep attacking Iran, Iran is likely to use tactics like limiting shipping in the area as a form of pressure.
Brokers anticipate that once current policies are canceled, insurers will revisit their terms to adjust for increased costs, but they will still provide coverage for ships sailing in the risky area.
source: ft.com
