Maritime Insurers Cancel War Risk Cover in Gulf

By The BriefBrief

Insurers cancel war risk coverage after IRGC claims Strait of Hormuz is 'closed'.

WHO: Maritime insurers, IRGC

WHAT: Cancellation of war risk coverage

WHEN: Mar 3, 2026 at 6:43 AM ET

WHERE: Strait of Hormuz

WHY: Security concerns raised by IRGC

Sources (1): Al Jazeera

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