by AIP Online Bureau | Apr 9, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The Strait of Hormuz remained largely blocked as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight Shipowners are placing “huge volume requests” for insurance...
by AIP Online Bureau | Apr 8, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
President Donald Trump The eleventh-hour deal was subject to Iran’s agreement to pause its blockade of oil and gas supplies through the strait, Trump said. The waterway typically handles about one-fifth of global oil shipments. WASHINGTON/DUBAI/CAIRO:The United...
by AIP Online Bureau | Apr 7, 2026 | Eco/Invest/Demography, International News, Policy, Risk Management
Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. Attacks that have severely damaged refineries, ports and oil storage in the Gulf region...
by AIP Online Bureau | Apr 6, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
“The free flow of commerce through the strait is a larger principle at stake in this conflict.Failure to ensure freedom of navigation in Hormuz puts global freedom of navigation everywhere at risk,” said retired Vice Admiral John W. Miller, former commander of US...
by AIP Online Bureau | Apr 6, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
As per Press TV, the IRGC Navy made the remarks in a post on X and also noted that the preparations are underway for the “announced plan” of Iranian officials for a new order in the Persian Gulf. Tehran:As tensions escalate in West Asia and the Gulf...
