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Oil producers and shipowners clash over who pays for Hormuz risk
Economy
Published on 24 April 2026
Shipowners demand guarantees charterers refuse to offer
A tense standoff over transit through the Strait of Hormuz is leaving oil shipments at risk. Shipowners are seeking guarantees they consider necessary to cover extreme dangers, while charterers say the burden is impossible to absorb. With the chokepoint remaining a flashpoint, the disagreement threatens to disrupt pricing, insurance terms, and future routing decisions.
- Owners want stronger guarantees to cover Hormuz danger
- Charterers refuse to take on that risk burden
- The Strait of Hormuz remains a high-stakes chokepoint
- Insurance and routing terms could face fresh disruptions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times