WTI-Brent Spread Volatility and the $20 Billion Maritime Reinsurance Intervention
The WTI-Brent spread widened to historic levels as a $20 billion U.S. maritime reinsurance facility scrambles to restore Gulf shipping confidence.
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The WTI-Brent spread widened to historic levels as a $20 billion U.S. maritime reinsurance facility scrambles to restore Gulf shipping confidence.
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Following the US-Israel decapitation strikes of February 28, 2026, the IRGC declared the Strait of Hormuz “effectively closed” to commercial traffic. With 20 million barrels of daily crude oil transit at risk, 750 vessels stranded, and London insurance syndicates pricing war-risk premiums at prohibitive
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