by AIP Online Bureau | Jul 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Oil prices briefly jumped above $90 a barrel after renewed disruption to shipping through the Strait of Hormuz, but later pared gains after Iran’s Foreign Ministry said mediators had recently presented proposals to Tehran, signaling that diplomatic contacts remain...
by AIP Online Bureau | Jun 26, 2026 | Eco/Invest/Demography, International News, Reinsurance
“Safe passage through the Strait of Hormuz cannot be guaranteed under ambiguous arrangements, parallel routes or decision-making that does not take Iran’s role as a coastal state into account,” Deputy Foreign Minister Kazem Gharibabadi said on X....
by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, International News
Even the possibility of mines could deter companies. A supertanker and its cargo of crude are worth about $300 million, so war risk underwriters, oil and tanker companies would need assurances that passage is safe before they attempt to pass through the strait,...
by AIP Online Bureau | May 28, 2026 | Eco/Invest/Demography, International News
According to four sources familiar with the matter, the agreement would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran’s nuclear program. WASHINGTON/CAIRO: The...
by AIP Online Bureau | May 18, 2026 | Eco/Invest/Demography, International News, Reinsurance
“Cryptographically verifiable insurance policies will be provided for shipments passing through the Persian Gulf, the Strait of Hormuz, and the surrounding waterways, and payments will be settled in Bitcoin,” Fars reported, citing the website hormuzsafe.ir, which...
