Insurance committee sees "no dramatic change" in Middle East threat assessment
Escalation of the conflict between the US and Iran has not yet led to any "dramatic change" pertaining to threats to commercial vessels in the Persian Gulf, although the threat level remains elevated, according to marine insurers' war committee.
The threat to commercial vessels in the Persian Gulf remains "heightened", but the most recent escalation of the conflict between the US and Iran has not changed the broader scenario in earnest, says the so-called Joint War Committee, which consists of representatives from marine insurance firms at Lloyd's.
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