Could a $20 billion dollar insurance scheme get more Hormuz ships moving?

二十亿美元的保险计划能否让更多霍尔木兹海峡的船只航行?

World Business Report

2026-03-12

26 分钟
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A $20 billion push is now on to get tankers moving through the Strait of Hormuz. Meanwhile, Middle East tourism suffers as flights are cancelled, and skies remain closed. And how tens of thousands of people are kidnapped for ransom each year. (Picture: An LPG gas tanker at anchor in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Credit: REUTERS/Benoit Tessier)
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  • A $20bn insurance shield to jump-start the Strait of Hormuz.

  • Even if, through what Trump is proposing,

  • they are able to relieve some of the financial pressure, it doesn't relieve the safety risk.

  • It's World Business Report from the BBC World Service.

  • I'm Vishara Sripathma.

  • On the way, the billion dollar scheme aimed at restarting shipping routes.

  • We'll ask if it's enough to get crews back to work.

  • Plus the murky world of kidnap and ransoms and the people living through it.

  • After that major IEA announcement earlier,

  • releasing a record amount of oil to steady global supplies,

  • there's another big development tonight aimed at getting energy moving again.

  • Now,

  • insurance giant Chubb has joined forces with the US International Development Finance Corporation on a $20bn reinsurance scheme to coast commercial ships back through the Strait of Hormuz.