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Protection and Indemnity (P&I)

Maritime liability cover whose withdrawal can halt ships even when waterways remain physically open.

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#172 17 Aug
#130 16 Jun

Declined to lift Hormuz war-risk exclusions following the MOU signing

Iran Conflict 2026: 500 ships idle as Hormuz stays shut
#90 6 May

Maintained unchanged war-risk guidance for Hormuz transits

Iran Conflict 2026: Iran's strait authority opens to silence
#80 23 Apr