Attacks on container ships in the Strait of Hormuz are disrupting global shipping, which could lead to higher vehicle parts costs and auto insurance rates for US drivers.
global trade
Marine War Insurance Impacts US Supply Chains
Beazley launches a $1 billion marine war insurance consortium to protect shipping through the Strait of Hormuz. The move aims to stabilize global supply chains amid regional conflicts that could impact US consumers through higher fuel and goods prices.