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War-risk insurance premiums for ships operating in the Red Sea and Gulf of Aden remain high but largely unchanged in recent weeks, as Yemen’s Houthi movement has not clarified whether it will suspend attacks following the Gaza ceasefire agreement, according to multiple market sources.
TradeWinds reported in October 2025 that underwriters have not adjusted rates since the ceasefire announcement, citing the absence of official communication from the Houthis on maritime hostilities. Premium levels, insurers said, continue to reflect elevated caution rather than active escalation.
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