Soaring rates
Saudi Arabia may subsidize war insurance costs for Gulf shipping
The Saudi Export-Import Bank would provide additional backing to the companies, with other Saudi insurers, international firms potentially joining
Handout / ROYAL THAI NAVY / AFP via Getty Images
Smoke rising from the Thai bulk carrier "Mayuree Naree" near the Strait of Hormuz after an attack in March
Add The Circuit on GoogleSaudi Arabia wants to get ships moving again by picking up part of their insurance tab.
Riyadh is considering a state-backed program that would provide up to $186 million in commercial coverage for ships sailing through the Gulf...
