Iran Blockade Whipsaw Breaks Insurance Pricing for Gulf Tankers

Trump has reimposed the Iran naval blockade for the third time in four months, each cycle compressing roughly six to eight weeks. Tanker owners and war-risk insurers now face a pricing problem: blockade orders arrive via Truth Social, but insurance term structures can't adjust frequency fast enough. Shipping-market stress should show in Brent's front-month spread if participants believe this cycle will hold.