There were earlier announcements from Lloyd's that they cancelled insurrance . Do some research, get of your high horse, and more important, get lost idiot. Tanker rates for very large crude carriers (VLCCs) travelling from the Middle East to China shot up more than 90 percent to $432,000 per day, according to CNBC. Shipping companies are imposing risk surcharges on cargoes, from $1,500 per container. Coverage for war risk will expire at midnight on March 5th, which will require shipowners to renegotiate insurance rates at sky-high levels, Lloyd’s said. https://gasoutlook.com/analysis/cancelled-shipping-insurance-leaves-strait-of-hormuz-blocked/
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