Shipowners are seeking large volumes of insurance cover for voyages through the Strait of Hormuz after the US-Iran ceasefire, showing that any restart in traffic will still depend on the price of risk as much as on diplomacy. The surge in insurance requests suggests operators are preparing to move, but only if they can secure workable terms for hull, cargo and war-risk exposure after weeks in which Gulf routes were effectively constrained by conflict and uncertainty.
TankerMap data reflects how broad the fleet response could become if cover becomes available. The platform tracks 4,105 vessels worldwide, including 3,201 crude tankers and 904 LNG carriers, across 155 energy ports. Live tracking on Tuesday showed tankers such as FRONT JAGUAR under way in northern Europe, MARVEL SWALLOW LNG under way off Denmark and SEAWAYS SHENANDOAH at anchor on the US East Coast, underscoring how ships across multiple basins are waiting on commercial signals, not just political ones. Even with a ceasefire on the table, insurance pricing may be the key factor deciding how quickly Hormuz traffic can recover.