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Get the free app no ads · no paywallBusiness · 14 March 2026
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Ordinary people face economic impacts as insurers raise prices for ships navigating dangerous areas. Following US-Iran hostilities, the Strait of Hormuz, a key oil route, has become extremely hazardous, causing war-risk insurance premiums to surge. These policy costs, which can increase from thousands to millions per trip, are passed on to consumers.
Reported by USA Herald · How we write briefs
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