Supreme Risk to 90% Trade: Modi Warns Ship Attacks To Spike 20% Insurance Costs
Prime Minister Modi’s G7 warning that ship attacks threaten the global economic lifeline sends a clear signal to logistics and procurement leaders: maritime chokepoint risks are escalating. The Strait of Hormuz disruption could spike war risk premiums by 20% and force cargo diversions. India’s call for collective action highlights the urgent need for supply chain diversification and inventory recalibration.