Saudi Arabia considers introducing cheaper insurance to increase shipping in Middle East - report

The Jerusalem Post The Jerusalem Post —

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026. (photo credit: REUTERS/STRINGER)https://images.jpost.com/image/upload/f_auto,fl_lossy/q_auto/c_fill,g_faces:center,h_675,w_1200/734788" title="Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026. (photo credit: REUTERS/STRINGER)" />
Saudi Arabia, like many countries in the region, has had its economy severely impacted by the war.

The Saudi Finance Ministry is considering offering a cheaper insurance option to revive shipping.

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