Ship Insurers Set for Major Claims From Iran War, Allianz Says

In this picture obtained from Iran's ISNA news agency on June 18, 2026, vessels are seen anchored in Bandar Abbas along the Strait of Hormuz. Oil prices tumbled after Trump and his Iranian counterpart separately signed their accord to end the Middle East war, with the Strait of Hormuz to reopen but two months of negotiations lying ahead. (Photo by AMIRHOSSEIN KHORGOOEI / ISNA / AFP) /