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US Launches Maritime Reinsurance Plan for Ships Crossing Hormuz Strait Amid Iran War

دورانیہ: 6m

The United States has stepped in with an unprecedented financial intervention to keep global shipping moving through the Strait of Hormuz. Amid escalating conflict with Iran, insurers have been reluctant to cover ships crossing the world’s most critical energy chokepoint. Now Washington has unveiled a maritime reinsurance plan worth up to $20 billion to protect vessels from war-related losses....

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