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Marsh CEO Warns of Strait of Hormuz Shipping Risks

Bloomberg Markets •
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John Doyle, President and CEO of Marsh, warned that shippers navigating the Strait of Hormuz are prioritizing crew safety amid escalating regional tensions. The global risk advisory and insurance firm has been actively engaging with the White House to address supply chain disruptions in the Persian Gulf. Doyle emphasized that protecting personnel has become clients' top concern as maritime security deteriorates.

Maritime operators face mounting pressure as geopolitical risks in the Middle East threaten vital oil transit routes. The Strait of Hormuz handles roughly 20% of global oil shipments, making any disruption potentially catastrophic for energy markets. Shippers are now reassessing their risk exposure and implementing enhanced security protocols to safeguard vessels and crews.

Marsh's engagement with US officials underscores the growing urgency to stabilize Gulf shipping lanes. As insurance costs climb and rerouting becomes increasingly expensive, the industry seeks coordinated solutions to maintain crude oil flows. The situation highlights how geopolitical flashpoints can rapidly transform into economic vulnerabilities, forcing businesses to balance operational continuity against mounting security threats.