‘Huge build-up of risk’: London’s centuries-old shipping industry wrestles with Iran war - short news
Insurers at Lloyd’s of London say cover is available at a price, while merchants view the danger level as too high
Shipping risk been insured by Lloyd’s of London for more than 330 years, but now the centuries-old heart of maritime insurance is getting to grips with the most modern of threats – drones and missiles threatening hundreds of vessels stuck in the Gulf region amid the escalating Middle East conflict.
For nearly three weeks, the crucial strait of Hormuz has..
source: The Guardian - 20.03.2026