The recent conflict has highlighted the vulnerability of the Gulf Cooperation Council nations, prompting a reevaluation of their geopolitical relationships, particularly with Iran and the U.S. The attacks on energy and industrial sites have not only threatened regional stability but also disrupted global supply chains, affecting commodities beyond oil.
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India Plans Sovereign Guarantees Amid Iran War Shipping Risks
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As the Gulf states grapple with the aftermath of Iranian attacks, India is stepping up to support shipping insurers with a $1.5 billion sovereign guarantee fund. This development underscores the escalating risks to maritime trade in the region, which has seen insurance premiums surge by as much as 1,000%.
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