Maritime insurance premiums surge as Iran conflict widens - Reuters

"The hull war market has reacted more immediately due to the risk of large, concentrated losses if multiple vessels are hit in the same area."

— Stephen Rudman , Executive

"Rates have increased and are changing daily depending on vessel type and individual circumstances."

— Angus Blayney , Executive

"Rate spectrum is wide and varied depending on many factors, including whether vessel is east of or west of the Hormuz chokepoint."

— Dylan Mortimer , Executive

"The hull war market has reacted more immediately, due to the risk of large, concentrated losses if multiple vessels are hit in the same area."

— Stephen Rudman , Executive

"Marine insurers in the London market are still offering coverage but that rates were rising."

— Angus Blayney , Executive

"There remain approximately 1,000 vessels, about half of which are oil and gas tankers, with an aggregate hull value exceeding US$25 billion in the Persian/Arabian Gulf and surrounding waters."

— Sheila Cameron , Executive

"The US Navy could begin escorting oil tankers through the Strait of..."

— Donald Trump , Politician

"The hull war market has reacted more immediately due to the risk of large, concentrated losses if multiple vessels are hit in the same area."

— Stephen Rudman , Executive

"Rates have increased and are changing daily depending on vessel type and individual circumstances."

— Angus Blayney , Executive

"Rate spectrum is wide and varied depending on many factors, including whether vessel is east of or west of the Hormuz chokepoint."

— Dylan Mortimer , Executive

"There remain approximately 1,000 vessels, about half of which are oil and gas tankers, with an aggregate hull value exceeding US$25 billion in the Persian/Arabian Gulf and surrounding waters."

— Sheila Cameron , Executive

""Alternative routes are being considered, but so far none have been found to supply the Persian Gulf without passing through the strait.""

— François Daniel , Executive