Geopolitical factors, including the war with Iran, have shut the Strait of Hormuz, driving price volatility.
1 report, 1 independent
Updated Sep 16
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What happened
Geopolitical factors, including the war with Iran, have shut the Strait of Hormuz, driving price volatility.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Geopolitical risk, including the war in Ukraine, is impacting the business operations and financial stability of global marine insurers.Also in this story
- The Nord Stream pipeline incident is demonstrating the complexities of risk attribution, showing how geopolitical risk challenges insurance models.
- Aon plc helped expand a war-risk facility with the EBRD, allowing Ukrainian insurers to partner and secure coverage.
- The insurance market is currently refusing coverage due to the presence of active military threats, while ICAO continues to set global civil aviation standards.
- Insurance entities like Lloyd’s Syndicate and SiriusPoint are responding to global conflicts by launching crisis solutions and meeting growing demand.
The entities involved
- AAA
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Geopolitical tensions in the Middle East impact global energy trade, while tech firms like SpaceX and SK Hynix are involved in high-growth sectors.
- Iran closed the vital Strait of Hormuz route, causing global tensions and prompting the Fed to reassess monetary policy.
- Iran uses the Strait of Hormuz as a strategic asset while supporting regional groups like Hizbullah and initiating war.
- Iranian attacks disrupt oil flow through Hormuz, impacting global oil market stability.
- Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.