Macron proposes Gulf-backed insurance scheme to cut Hormuz shipping costs

France is negotiating with Gulf states to create a publicly supported mechanism that would absorb part of the insurance risk for vessels transiting the Strait of Hormuz, aiming to reduce war-risk premiums. The initiative signals a coordinated state-level response to ongoing maritime threats, but its scope and funding remain unspecified. If realized, it could lower shipping costs and ease trade flows through a critical chokepoint.

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