S&P Global Energy says renewed tanker attacks have reduced insurers' willingness
to cover vessels in the Strait of Hormuz, driving war-risk surcharges on hull
value from 1–3% a few weeks ago to 7.5–10%. Some oil tanker operators are
remaining outside the strait rather than risk transit. Commercial traffic has
collapsed—10 ships transited on Tuesday versus more than 130 per day before the
outbreak of the Middle East war.