Politics
Top shipping insurers have told brokers that they will not sell war cargo insurance to Saudi Arabia-linked ships in the Red Sea, following attacks by Yemen’s Houthi rebels, FT reports
StockNow breaking-news AI analysis
Leading insurers are blocking Red Sea war coverage for Saudi-linked ships due to Houthi attacks, threatening global energy supply chains and driving potential oil price spikes toward $150.
News detail
Several of the leading marine war insurers at Lloyd’s of London market said on Friday that they would exclude vessels with any “Saudi touchpoints” from coverage, two brokers said, including ships travelling under other flags that have made past calls at Saudi ports.
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