Insurance constraints shaped recent restrictions in the Strait of Hormuz even after warships judged the passage usable. Governments could have escorted merchant vessels through it. Civilian operators still faced the possibility that knowingly entering mined or contested water would invalidate ordinary insurance. Unlike a general war backed by state war-risk schemes, a limited conflict can leave ownership, nationality, liability, and reimbursement fragmented after naval forces make transit militarily possible.
Notable Point · 1:08:32-1:10:23
Naval control does not solve merchant war-risk insurance
The Strait of Hormuz example separates a navy's ability to escort ships through a passage from insurers' willingness to cover civilian traffic exposed to mines and conflict.