Iran’s Foreign Minister Says Insurance Markets, Not Missiles, Closed the Strait of Hormuz

TLDR: Iran’s FM Araghchi says insurance cancellations, not military action, are stalling Persian Gulf tankers. Marine war risk insurers scrapped Gulf coverage, trapping an estimated 15 million barrels daily. Bearish investor sentiment hit 52%, the highest since spring 2025, as the conflict feeds risk models. Energy stocks gained 29% year-to-date in 2026 while Bitcoin dropped [...]

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