Mideast Oil Risk Repriced After Renewed Attacks on Tankers - Bloomberg:
The cost of insuring tankers to ship Middle East crude will increase after a second spate of attacks on vessels in the region in just over a month.
Two oil tankers were attacked in the Gulf of Oman on Thursday, just 32 days after four other carriers were targeted nearby. The region was designated as a listed area after those incidents, a classification that gives underwriters room to charge more.
DNK, the mutual insurer that covered one of the ships attacked Thursday, will increase its rates for war insurance, according to a person familiar with the matter. Rival insurer Hellenic War Risks Club will probably increase a so-called additional premium that owners pay when sailing to the Persian Gulf with immediate effect, according to a notice on its website.
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