Timeline
Lloyd's of London
The world's specialist insurance market; P&I clubs have suspended war-risk cover for Gulf vessels since UKMTO hit critical tier.
43 of 43 entries (43 events, 0 interactions)
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#13825 Jun
Halved hull war-risk premiums to around 2% of vessel value without restoring actual underwriting cover
Iran Conflict 2026: Insurers cut the price, not the risk#13319 Jun
Launched a Chubb-led $400m marine war-risk consortium for Hormuz transits on 19 June
Iran Conflict 2026: Hormuz cover returned before the strait did#13319 Jun
Stated safety rather than insurance availability was suppressing Hormuz traffic and confirmed zero eastbound transits by 20 June
Iran Conflict 2026: Saudi tankers moved, Hormuz stayed shut#13218 Jun
Mentioned in: Insurers and mines keep Hormuz shut
Iran Conflict 2026#1018 Jun
Maintained war-risk designation on Hormuz that historically takes years to unwind
European Oil Markets: Freight prices Hormuz risk as permanent#12915 Jun
Mentioned in: Hormuz logged two ships, not 94
Iran Conflict 2026#12714 Jun
UAE says Hormuz oil waits to 2027
Iran Conflict 2026#12411 Jun
Mentioned in: Brent slips to $94.71 the day Hormuz is declared shut
Iran Conflict 2026#1174 Jun
Mentioned in: Iranian rial erases its Rubio bounce
Iran Conflict 2026#1184 Jun
Mentioned in: Trump signs nothing on Iran in two days
Iran Conflict 2026#1173 Jun
Held Strait of Hormuz war-risk cover unchanged, requiring official certification before repricing
Iran Conflict 2026: Brent tops $100 then gives it back#1202 Jun
Mentioned in: CENTCOM Gulf blockade tally reaches 127
Iran Conflict 2026#1151 Jun
Mentioned in: Blockade hits 121 ships, one holed
Iran Conflict 2026#1151 Jun
Held Hormuz war-risk designation unchanged despite Brent rally
Iran Conflict 2026: Brent jumps 7%, rial hits record low#11329 May
Brent's worst month since the Covid crash
Iran Conflict 2026#11128 May
Mentioned in: Iran fires ballistic missile at Kuwait
Iran Conflict 2026#11128 May
Mentioned in: US sanctions the strait it will reopen
Iran Conflict 2026#10826 May
Held Hormuz war-risk designation unchanged, requiring signed government instrument before any de-listing
Iran Conflict 2026: Brent bounces; ship insurers stay put#10725 May
Left Strait of Hormuz war-risk designation in place with premiums at $10-14m a voyage
Iran Conflict 2026: Brent breaks $100 as insurers hold#10520 May
Iran charts Hormuz with formal PGSA coordinates
Iran Conflict 2026#10420 May
Remained unable to evaluate war-risk cover in absence of published PGSA fee schedule and ROE
Iran Conflict 2026: PGSA withholds its tariff four days on#10320 May
Conditioned reopening of war-risk cover on written rules of engagement
Iran Conflict 2026: Hormuz coalition: 8 days deployed, no rules published#10320 May
Declined to enter any agreement with PGSA; informally signalled war-risk cover will not reopen without written ROE
Iran Conflict 2026: PGSA opens vessel portal, withholds tariff schedule#10420 May
Continued requiring written rules of engagement from coalition or PGSA before reopening Hormuz war-risk cover
Iran Conflict 2026: Rial bill, yuan portal, two ships#928 May
Mentioned in: US gasoline hits $4.54 as Hormuz premium sticks
Iran Conflict 2026#74 May
Mentioned in: Six Arc7 carriers face binary maintenance fork
European Energy Markets#894 May
UKMTO raises Hormuz advisory to critical
Iran Conflict 2026#8328 Apr
Mentioned in: Hormuz transits climb to 13 on 28 April
Iran Conflict 2026#6713 Apr
Mentioned in: Iran airs AI Khamenei footage confirming gap
Iran Conflict 2026#6712 Apr
Mentioned in: Shadow fleet uses dead ships' identities
Iran Conflict 2026#24 Apr
Mentioned in: First LNG tanker crossed Hormuz since February
European Energy Markets#4724 Mar
Mentioned in: Trump claims Hormuz prize; Iran silent
Iran Conflict 2026#4724 Mar
Mentioned in: Strike hits 350m from Iran's reactor
Iran Conflict 2026#4724 Mar
Mentioned in: Pentagon plans to seize Kharg Island
Iran Conflict 2026#4622 Mar
Assessed Persian Gulf mining threat after Iran's formal warning
Iran Conflict 2026: Iran threatens to mine the Persian Gulf#4420 Mar
Mentioned in: A-10s and Apaches hunt Hormuz fast boats
Iran Conflict 2026#4420 Mar
Mentioned in: 22 nations demand Hormuz reopened
Iran Conflict 2026#4419 Mar
Mentioned in: Iran fires two missiles at Diego Garcia
Iran Conflict 2026#4218 Mar
Mentioned in: Seven allies pledge words, not warships
Iran Conflict 2026#4117 Mar
Priced GBU-72 strikes on Hormuz coastal positions
Iran Conflict 2026: Bunker busters hit Hormuz coastal forts#4117 Mar
Mentioned in: IAEA: bombs won't end Iran's nuclear bid
Iran Conflict 2026#4016 Mar
Tracked conflict burn rate calculated at $900m per day
Iran Conflict 2026: $900 million a day: the war's burn rate#627 Feb