80/20 rule kicks in as marine insurers assess Hormuz fallout

Iranian targeting becoming more sophisticated, underwriter warns, as latest Houthi advances cause concern

THE majority of the world fleet can easily opt to give the Middle East a miss if it chooses. If your mainstay is moving boxes from Asia to the US, hauling bauxite from Brazil to China, lifting Nigerian crude or bread-and-butter domestic cabotage, the ongoing stand-off in the region might look like somebody else’s problem.