The insurance rates for ships passing through the Strait of Hormuz have surged from about 1 percent to 10 percent of the cargo's value, according to shipping experts, due to the crisis and regional tensions in the area.

Anonymous SubmissionRey, Tehran

@✡︎𝐋𝐢𝐯𝐞𝐈𝐫𝐚𝐧𝐍𝐞𝐰𝐬🇮🇷🇮🇱: ⚡🌍🛢️Associated Press reported that the insurance rates for ships in the Strait of Hormuz have experienced an unprecedented surge due to the crisis and regional tensions./According to shipping expert

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