Insurance, not missiles, is closing Europe’s sea lanes

AI Summary

Insurance firms and protection-and-indemnity clubs are withdrawing cover for certain European sea lanes including the Strait of Hormuz, the Red Sea, and the Black Sea, effectively causing commercial closures well before any military action occurs.

The closure of a shipping lane no longer begins with a missile. It begins with an underwriter. Across the Strait of Hormuz, the Red Sea and the Black Sea, the same sequence now repeats: reinsurers and protection-and-indemnity clubs withdraw cover, and within roughly 72 hours a corridor is commercially shut long before military assessment or […] The post Insurance, not missiles, is closing Europe’s sea lanes appeared first on Container News.