War risk insurance

Brent crude

Brent went quiet. Freight didn’t.

Brent crude vs Oman-China VLCC freight rate, indexed to 100 at MOU signing (June 17, 2026). The chart shows the grey zone in market form.

Jun 25, 2026

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1 min read

Energy radar

If you only read one thing this week

“A fragile thaw in Hormuz but timing and sequence now matter” – Lloyd’s List

Jun 18, 2026

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1 min read

Energy radar

Data corner

That is the widely reported estimate for the Strait of Hormuz to reopen physically. The MOU itself guarantees toll-free passage for 60 days – but the physical constraints that 30 days cannot resolve are a different question entirely.

Jun 18, 2026

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1 min read

Ceasefire

Ships of the world, start your engines

The deal is signed. Brent has priced the reopening. But the market that insures the ships still hasn't priced the recovery.

Jun 18, 2026

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5 min read

War risk insurance

Four markets, one reality – priced four different ways.

Different markets are responding to the same disruption in very different ways. Here’s where each one sits.

May 7, 2026

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3 min read

Maritime markets

What the insurance market knows that the oil price doesn't

War risk premiums for Hormuz transits rose from 0.2% of hull value before the war to as high as 10% at the peak. Analysts expect them to settle at 1–2% post-ceasefire – five to ten times pre-war levels, permanently. The oil price has moved on. The insurance market hasn't.

Apr 9, 2026

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4 min read

War risk insurance

Brent went quiet. Freight didn’t.

If you only read one thing this week

Data corner

Ships of the world, start your engines

Four markets, one reality – priced four different ways.

What the insurance market knows that the oil price doesn't

Global Energy Dynamics