Jun 26, 2026 · 24 min · 6 segments
The cost of shipping insurance in the Strait of Hormuz has surged over the last four months. Even after the US and Iran lifted their mutual blockade last week, insurers and ship operators are wary of…
Michelle BachmannGuestThe U.S. and Iran have agreed to end their blockade on the Strait of Hormuz while they negotiate a longer-term agreement.
Despite the reopening, insurers and ship operators are skeptical there will be sustainably safe conditions.
This perceived risk is boosting insurance premiums for war risk and discouraging a more complete normalization of ship traffic.
On today's episode, we talk with Michelle Bachmann, senior maritime intelligence analyst with Windward, about how the shipping insurance market prices war risk and how insurers view the fragile U.S.-Iran peace agreement.
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The U.S. and Iran have agreed to end their blockade on the Strait of Hormuz while they negotiate a longer-term agreement.
Despite the reopening, insurers and ship operators are skeptical there will be sustainably safe conditions.
This perceived risk is boosting insurance premiums for war risk and discouraging a more complete normalization of ship traffic.
On today's episode, we talk with Michelle Bachmann, senior maritime intelligence analyst with Windward, about how the shipping insurance market prices war risk and how insurers view the fragile U.S.-Iran peace agreement.