Marine war market grapples with escalating Red Sea tensions
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Marine war market grapples with escalating Red Sea tensions

Container Ship at Sea

Marine war insurance prices are surging but coverage remains readily available for vessels transiting through the Red Sea, amidst an upsurge in violence and geopolitical tension in the crucial waterway.

Escalating tensions in the Middle East since the invasion of Israel in early October have led to severe disruption of maritime trade through the Red Sea, with Yemen’s Houthi rebels targeting ships in the region.

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