Major Insurance Clubs to End Ship War-Risk Cover in Persian Gulf

Major insurance groups are withdrawing war-risk coverage for ships in the Persian Gulf, effective next week. This decision, following recent attacks on tankers, significantly raises shipping costs and operational risks for vessels in one of the world's most critical oil transit regions. Investors should monitor oil prices, shipping company stocks, and geopolitical developments in the Middle East, as this move could disrupt global energy supplies and trade routes.