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Insurance premiums for Hormuz transit exceed $500k per voyage by Q1 2027

Resolves: Published marine insurance premium data shows average cost per transit through Hormuz Strait exceeds $500,000 by 2027-03-31.

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Insurance premiums for Hormuz transit exceed $500k per voyage by Q1 2…

Market overview

Marine insurance costs for vessels transiting the Hormuz Strait will climb above $500,000 per voyage by March 31, 2027, as insurers price in persistent security risks. This exceeds pre-2026 levels by over 300%.

price prediction market

Implied probability (Yes)
80%
Closes
2027-03-31

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Resolution criteria

Published marine insurance premium data shows average cost per transit through Hormuz Strait exceeds $500,000 by 2027-03-31.

Source: user-generated

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