Lloyd’s of London stresses it is still insuring shipping in strait of Hormuz

Maritime insurer fends off criticism over cancelled policies and sharp price risesMiddle East crisis – live updatesThere is a price for everything: even the cost of insuring a ship travelling through the strait of Hormuz.Donald Trump’s proposals for the US to provide political risk insurance for seaborne trade in the Gulf may have given the impression a lack of cover was the reason why traffic through the key waterway has almost halted. Continue reading...