The insurance cost of shipping goods through the Red Sea rose on Monday after Yemen's Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, escalating risks for merchant shipping, insurance industry sources said.The move by the Houthis opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the Gulf.Indicative war risk premiums rose to around 0…
The cost of insuring an oil tanker loaded from Saudi Arabia's main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer's struggles to find a viable channel for its exports.Saudi Arabia…
The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday.The Red…
