DID Press: Rising regional tensions between Iran and Israel prompted a rapid reaction in maritime insurance markets, with war-risk premiums for sensitive shipping routes—particularly Israeli ports—surging sharply.
Analytical outlet Benzinga reports that insurers are reassessing risks linked to the Strait of Hormuz and Israeli ports, a process that has led to a significant increase in insurance rates.
According to the report, war-risk insurance premiums for voyages to Israeli ports have risen from 0.2 percent to 0.7 percent—effectively more than tripling.
Insurance analysts say the spike reflects growing concerns over the potential fallout from escalating tensions, including scenarios in which Israeli ports could face collateral damage or even become direct targets.
Higher insurance costs are expected to add pressure on shipping companies and may drive up logistics expenses, potentially disrupting regional supply chains with impacts extending beyond the maritime transport sector.