LNG tankers have begun diverting from the Strait of Hormuz as seven of the world’s largest marine insurance associations move to cancel war risk coverage for vessels entering the Gulf from Thursday. At least 13 empty liquefied natural gas (LNG) tankers have already changed course away from the eastern side of the waterway, according to ship-tracking data compiled by Bloomberg. Exports from Qatar, the world’s second-largest LNG supplier after the United States, must pass through the Strait of Hormuz to reach customers in Asia and Europe. “We are in an untested situation.”The insurance cancellations follow a weekend of conflicting signals regarding the safety of the strait and reports of attacks on oil tankers. While some shipowners have issued orders to halt all voyages due to safety concerns, others are currently re-evaluating costs as risk premiums escalate.

Source: Daily News Egypt March 02, 2026 15:10 UTC