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Home / Videos / World News / Houthi Attacks: Putin Has Last Laugh As Insurance Cost Only For US, UK, Israeli Ships Skyrocket?

Houthi Attacks: Putin Has Last Laugh As Insurance Cost Only For US, UK, Israeli Ships Skyrocket?

Published on Feb 08, 2024 01:56 pm IST

Insurance costs for ships with links to USA, UK, or Israel transiting via the Red Sea are skyrocketing, as per news agency Reuters. The report said that America, Britain, or Israeli-linked vessels are having to pay a war risk premium higher by 25-50% as compared to other countries' ships. Shipping insurance industry insiders told Reuters that in comparison, Russia, China, and Israel-linked ships are being considered safer. Watch the full video for more.

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