A US insurance programme for ships to transit the Strait of Hormuz is nearly "ready to go", but is still working out security issues, WSJ reports, citing an official; Chubb (CB) will administer the maritime reinsurance program
Every headline is on the live feed 20 minutes before this site.
Newsquawk Daily Economic Releases - 17th April 2026
Teva (TEVA) has reportedly won a reinstatement of USD 177mln patent case against Eli Lilly (LLY)
A US insurance programme for ships to transit the Strait of Hormuz is nearly "ready to go", but is still working out security issues, WSJ reports, citing an official; Chubb (CB) will administer the maritime reinsurance program
US Energy Secretary Wright says the US will be taking more measures to keep gasoline prices low
Lebanon's Presidency says US President Trump has committed to reaching a ceasefire
On the Newsquawk feed at , 20 minutes before this page.
- It will insure losses of up to USD 40bln for ships.
Context
The near readiness of a US-backed insurance program for ships in the Strait of Hormuz reflects ongoing geopolitical tensions in this critical maritime passage. With losses insured up to USD 40 billion, this initiative could provide significant support to maritime trade, though its implementation will hinge on resolving existing security concerns. Watch for potential implications on oil prices and regional stability as this develops.
Related headlines
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues1 day ago
- Two rockets were launched from the city of Tabriz in western Iran, Sabreen reports; Two missiles fired from Iran towards the Strait of Hormuz1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
- [MARKET UPDATE] Crude benchmarks lift to session highs, gains of c. USD 2.00/bbl for WTI and Brent, to the continued detriment of fixed income, stocks and FX vs the USD1 day ago
- Fire has been reported in another violating tanker in the Sea of Oman, Mehr News reports2 days ago
- A Yemeni missile attack strikes Saudi's Yanbu port, Sabereen reports2 days ago
- Weekly US Earnings Estimates: 19th-23rd October 2026: Earnings pick up with META, TSLA, SPCX, LRCX, and NFLX the highlights1 day ago
- Daily US Earnings Estimates: 19th October 2026: FITB, WRB, and STLD1 day ago
- US PREMARKET MOVERS: TSLA, NFLX, VRNS, AA, TRV, MSTR, WDAY, ECHO1 day ago
- US BROKER MOVES: CPRI upgrade at Raymond James; WDAY downgraded at KeyBanc1 day ago
- Travelers (TRV) Q3 2026 (USD): Adj. EPS 9.18 (exp. 7.39), Revenue 12.4bln (exp. 11.4bln); Net Premiums Written 11.48bln (exp. 11.40bln), Catastrophe Loss 538mln (exp. 695mln)2 days ago
- AXA (CS FP) is expected to lose its BMPS (BMPS IM) contract at expiry next year, Bloomberg reports2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- Saudi Civil Defence says a warning has been issued by the National Early Warning Platform in the Jazan1 day ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- US Centcom says US has helped ship over 100mln bbls through Hormuz in the past seven days1 day ago
- Indian shipping official says a crude oil tanker was targeted by a missile in the Strait of Hormuz; official also notes the Romania incident on October 14th1 day ago
- Iran's Deputy Foreign Minister says that Saudi Arabia is yet to respond to the Iran response on mediation efforts relating to Yemen1 day ago
- US President Trump says Israel has been helpful to Saudi Arabia1 day ago
The feed had this first.
Use the Platform