this post was submitted on 26 Jul 2026
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Ship insurers restrict war coverage for Saudi Arabian cargoes in Red Sea (www.ft.com)
submitted 3 days ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml
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[–] umbrella@lemmy.ml 5 points 2 days ago (1 children)

what's even the point then

[–] yogthos@lemmy.ml 4 points 2 days ago* (last edited 2 days ago)

Basically, after Yemen put a blockade on Bab al-Mandeb, and hit a few Saudi ships, the insurers realized that it's not safe.

[–] Akh@lemmy.world 2 points 2 days ago (1 children)

Because you know, having less information is good for insurance carriers?!?

[–] yogthos@lemmy.ml 3 points 2 days ago

It's more that insurance carriers do not feel comfortable giving out insurance for Saudi ships now.