The Indicator from Planet Money
The Indicator from Planet Money

Will Trump’s shipping insurance plan work?

Mar 10, 2026 · 8m

More than a thousand ships are stranded outside the Strait of Hormuz, bobbing in the water. A big reason? Insurance. War insurance premiums have skyrocketed since the war with Iran began. It’s an add-on that covers things regular insurance doesn’t, like missile strikes. And shippers don’t want to foot the bill or put their crews at risk. Cue the traffic jam. <br/><br/>On today’s show, how a critical trade chokepoint became the parking lot of the sea. And taking stock of …

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