Lates News

Evan Greenberg, CEO of Chubb Insurance Company, stated that the efforts by the United States to open up shipping lanes in the Strait of Hormuz will gradually increase the volume of vessel traffic, but the security situation remains highly unstable. He said, "The situation is changing day by day, even hour by hour." "Mines are the biggest uncertainty factor. It's more like a war zone environment that we're talking about." He pointed out that currently only one narrow channel is truly used for passage, limiting the number of ships that can enter and exit the strait. The US Navy has been working to open up wider passage channels, and as this progresses, shipping activities will gradually increase.