Average Gas Price Hits $4.30 A Gallon

[citygator]

/-----/ Lloyd's of London stopped insuring ships traveling through the strait. No insurance, no oil deliveries.

The Redesignation of Risk​

On March 2, 2026, the Lloyd’s Market Association’s Joint War Committee (JWC) redesignated the entire Arabian Gulf, including the Strait of Hormuz, as a high-risk area. This triggered "notice of cancellation" clauses in existing maritime contracts.

Yep. Caused by Trump. Thanks for making my point.