From Hormuz Closure to Cautious Reopening: What Marine Insurers Are Facing

Examines insurance implications of the Hormuz reopening, noting a 60-day toll-free transit window confirmed in the MOU text, after which Iran plans service fees that create sanctions exposure for vessels paying tolled access through designated entities. The analysis identifies three underwriting priorities: intelligence quality beyond AIS visibility, portfolio-level sanctions exposure mapping, and assessment of stranded-vessel constructive total loss exposure as vessels approach six to twelve-month detention thresholds, with demining operations and military activity still constraining full normalization.