Exclusive: Insurance giant warns clients to avoid Red Sea after tanker struck

City AM — Jul 25, 08:39 AM

The Houthis launched attacks on two Saudi tankers last week https://www.cityam.com/wp-content/uploads/2026/07/borrowing-costs-have-climbed-since-the-Iran-war.jpg?w=1107" />

Insurance giant Gallagher has told shipping clients to avoid any travel through the Red Sea after a tanker it provided cover for was struck by the Houthi militia.

The Lloyd’s of London broker had insured one of two ships that were attacked by Yemen’s Iran-backed militia, a person familliar with the matter told City AM, https://www.cityam.com/gallagher-advises-against-red-sea-voyages/">[...]

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Oil price surge as war with Iran expands 📹 NBC News — Jul 23, 23:26 PM · 2min
Trump threatens 'major military punishment' after Houthi attacks on tankers in Red Sea PBS — Jul 23, 22:55 PM
War escalates, oil prices surge as Iran-backed Houthis strike Saudi tankers in Red Sea Los Angeles Times — Jul 23, 21:41 PM
Yemen's Houthis attack Saudi tankers in Red Sea, threatening to widen Iran war Korea Times — Jul 23, 23:02 PM
Trump vows to punish Iran and Houthis for attacks in Red Sea Al-Monitor — Jul 24, 04:46 AM