Hormuz Traffic Down Over 90% Despite US Insurance Plan
Edited By WION Video Desk
Published: Mar 08, 2026, 12:30 IST | Updated: Mar 08, 2026, 12:30 IST
The Trump administration has attempted to calm global markets by announcing a war-risk insurance programme for ships and promising naval protection for vessels passing through the strait of Hormuz. The move was aimed at reassuring shipping companies and oil traders that the world’s most critical energy corridor remains open for business.
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