“From 10 to 30 times more expensive than before the war”: insurance premiums for maritime traffic are soaring in Hormuz

Announced unilaterally by Donald Trump on Tuesday evening, the extension of the ceasefire in the Persian Gulf has little impact on the conflict in the Strait of Hormuz. This corridor, about thirty kilometers wide at the narrowest point, still proves impassable for the approximately 2,000 ships — and more than 20,000 sailors — stuck in these territorial waters since the United States and Israel launched their joint offensive against Iran seven weeks ago.