Hormuz Transit Costs Surge as War Risk Premiums Compound Tanker Attrition
🛢️ SHIPPING — Costs rising even when ships still move through Hormuz. 📌 LOOK CLOSER: War risk premiums layered on top of insurer withdrawals mean the strait's economic blockade is now self-enforcing — no mines needed. Higher transit costs suppress voluntary traffic, compounding the below-average flow already logged. European and Asian buyers absorb the spread or reroute; either choice raises delivered crude prices above the Brent headline.
