Shipowners Seek Clarity on Hormuz Deal as Waiting Flotillas Grow

A US-Iran deal intended to reopen the Strait of Hormuz within days has been met with caution by shipowners and traders, with almost all saying they would need more details in order to assess whether safe transits are possible after …

Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.

Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.