Marsh: Hormuz war-risk rates between 3% and 10% of hull value, against about 0.25% before the war
Reportedon one origin only: 1 distinct origin, 0 tied to no party.
Marsh's Marcus Baker told The National that war-risk rates could be anywhere between 3% and 10% of hull value, after rising sharply at first, falling back with the signing of the memorandum and rising again in recent days. The National put the pre-war level at roughly 0.25%, so a $100 million tanker faced $3 million to $10 million per transit against about $250,000 before the war. The renewed rise came as the US-Iran ceasefire arrangements frayed.
- When
- 17 July 2026
- Where
- Strait of Hormuz, No single country
- What
- market
- Attribution
- Not attributed
- In the record
- Published 2026-10-28 16:30 UTC · revision 1 · backfilled
Sources
- Evidence The National
History
| When | Field | From | To | Why |
|---|---|---|---|---|
| 2026-10-28 16:30 UTC | status | null | reported | P1 backfilled: researched from cited sources and graded by the one rule |
Cite or reuse
The War Record, "Marsh: Hormuz war-risk rates between 3% and 10% of hull value, against about 0.25% before the war", ev-20261028-x4b8, revision 1, https://thewarrecord.com/events/ev-20261028-x4b8/