Energy markets are maintaining their recent trajectory as fresh data points to intensifying logistical risks in the Middle East.
The Norwegian War Risk Insurance for Ships (Den norske Krigsforsikring for Skib) has reported a sharp increase in inquiries from shipowners seeking coverage for vessels transiting the Strait of Hormuz.
This surge in demand for war-risk protection signals that shipping operators are increasingly wary of the geopolitical environment in one of the world’s most critical energy chokepoints.
The heightened caution among maritime insurers reflects a broader risk premium being priced into energy logistics.
While no immediate physical disruption to oil flows has been reported, the willingness of shipowners to pay for additional coverage suggests that the threat of incident remains elevated.
This dynamic supports a floor for crude prices, as traders factor in the potential for supply chain friction even in the absence of an outright blockade.