Paris, France, March 2, 2026 (AFP) - Middle East war puts shipping firms in tight insurance spot

NAMPA / AFP

2026-03-02

The outbreak of the conflict in the Middle East has seen maritime insurers cancel coverage, adding to the risk shipping companies face. Many insurers now refuse to offer war risk coverage for the Gulf, a key hub for global oil trade, as the war pitting Iran against the United States and Israel drags on. "We have been receiving coverage cancellations from certain insurers since yesterday morning," Gilles Legue, the head maritime insurer in France......

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