👈The Financial Times reported that London’s Lloyd’s insurance market expects that war-related losses from the United States and Iran in the Gulf states will reach about £1.4 billion.

The CEO of Lloyd’s said that, unlike attacks on ships in the Strait of Hormuz, most of these losses are due to damage to onshore infrastructure. For example, the Saudi company Sabic, following damage to a petrochemical complex in a missile attack, is on the verge of filing a claim of about $800 million

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