Ajit Jain on insuring ships through Strait of Hormuz: 'Depends on the price'
🔴 Tension RisingCNBC2026-05-02
The article discusses how the cost of insuring ships through the Strait of Hormuz depends on geopolitical risk and the importance of oil transport. Ajit Jain stated that the price is a key factor, hinting at the impact of the US-Iran relationship on the energy market and maritime security. This could lead to fluctuations in oil prices and affect the global economy.