Running the Insurance Gauntlet

The 2026 conflict in Iran has severely disrupted global shipping, forcing massive vessel detours around Africa that have drained global capacity and triggered skyrocketing freight rates across all major East-West trade lanes. Central to this logistical crisis is a severe marine insurance shock, where surging War Risk premiums have made navigating the Middle East financially prohibitive without state-backed intervention. This war coverage acts as a vital, highly expensive "plug-in" to standard...