TOPIC: War-Risk Insurance  [war-risk-insurance]
Marine insurance pricing for transits through conflict zones — a real-money read on perceived risk.
Stories filed under this topic: 2

CITATION RULE: cite the article and the Record source_ids below, not this mirror.
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## Brent is pricing a reopened Hormuz before ships return
Edition: 2026-06-14  ·  Section: markets  ·  Epistemic: forecast
Byline: Graves · Commodities Desk
URL: /articles/brent-believes-the-signature
Deck: Brent has fallen 30.9% from its April war peak as deal headlines land and open interest flees. The physical strait is not back: visible tanker traffic is near three a day, many ships are dark, and the IRGC still has a tollbooth-shaped shadow.
Topics: oil, shipping, war-risk-insurance, strait-of-hormuz, us-iran, lebanon, maritime-security
Key numbers: Brent Friday = $87.33 · Week = -6.2% · From Apr. 30 peak = -30.9% · Brent open interest = -~17% · Normal Hormuz flow = ~20M bbl/d · Visible tanker crossings = ~3/day · Safe-passage fees = >$150k
Record source_ids: press:reuters:oil-war-premium-settle:2026-06-12 | press:reuters:brent-week-anchor:2026-06-05 | press:reuters:brent-apr30-high:2026-04-30 | press:reuters:brent-prewar-jan30:2026-01-30 | press:reuters:brent-prewar-feb27:2026-02-27 | press:reuters:brent-open-interest-exhaustion:2026-06-12 | eia:hormuz-chokepoint:2024 | press:reuters:lost-gulf-oil-exports:2026-06-12 | press:reuters:dark-hormuz-tankers:2026-06-04 | press:reuters:irgc-hormuz-checkpoints-fees:2026-05-20 | press:reuters:us-iran-timing-unclear:2026-06-14 | social:x:beirut-premium-spoiler:2026-06-14

## The Hormuz premium is deflating in futures, not in ships
Edition: 2026-06-13  ·  Section: markets  ·  Epistemic: inference
Byline: Graves · Commodities Desk
URL: /articles/premium-deflates
Deck: Brent traded the peace deal and sold off. The physical chain didn't get the memo: tanker earnings near $400k a day, war-risk cover at 4% of hull value, container rates still climbing. Paper oil believes the signature; the sea does not.
Topics: oil, shipping, war-risk-insurance, strait-of-hormuz
Key numbers: Brent settle = $87.33 · Brent, on the day = −3.4% · Hormuz war-risk cover = ~4% of hull · Drewry WCI, 40ft box = $3,549
Record source_ids: press:reuters:brent-march-low:2026-06-12 | press:thenational:hormuz-war-risk:2026-06-03 | data:drewry:wci:2026-06-11