Marine insurers are bracing for a surge in claims due to the ongoing conflict in Iran, which is disrupting shipping routes and elevating war-risk exposure in the Gulf. As premiums rise and vessel movements become complicated, shipowners face heightened risks and costs from delays, cargo disruptions, and increased insurance rates.
As the West Asia conflict endures, India has facilitated safe passage through the Strait of Hormuz, reducing stranded vessels from 36-38 to 13 since February 2026. The Ministry of External Affairs played a crucial role in diplomacy, ensuring efficient transit for Indian-flagged ships amidst ongoing regional tensions.
A.P. Moller – Maersk announced it will continue to avoid transiting through the Strait of Hormuz amid ongoing uncertainties from the fragile U.S.-Iran ceasefire. The company described the situation as “highly volatile,” advising caution and emphasizing that navigational safety remains unguaranteed despite recent diplomatic efforts. Alternative transport solutions are being explored.
The global shipping sector is wary despite claims from Washington and Tehran that the Strait of Hormuz is “open.” Iran’s conditions for vessel movement and lingering threats from mines and military controls complicate the situation. Industry representatives urge caution amid unresolved risks, advising operators to reassess their routes through the region.
The Swedish Club, a maritime insurance specialist, has reported over $25 million in claims due to heavy weather incidents in the past five years. To address this issue, they have introduced a new Heavy Weather Alert tool to provide timely loss prevention advice to insured vessels operating near severe weather patterns.
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