Hormuz war risk claims could exceed $3 billion as US-Iran fighting resumes


Global oil trade flows through the strait were also down 62%, according to a May 2026 Howden Re report. The same report estimated the conflict could generate $2 billion to $3 billion in market-wide claims for the war, terror, and political violence segment. This figure exceeds the segment’s estimated annual global premium volume of $1.5 billion to $2 billion.



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