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Saudi Airlines Operates New Routes to 2 Indonesian Destinations

SAUDIA launches new routes to two Indonesian cities. (SPA)
SAUDIA launches new routes to two Indonesian cities. (SPA)
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Saudi Airlines Operates New Routes to 2 Indonesian Destinations

SAUDIA launches new routes to two Indonesian cities. (SPA)
SAUDIA launches new routes to two Indonesian cities. (SPA)

Saudi Arabian airlines (SAUDIA) launched on Thursday a new Asian passenger route to two Indonesian cities: Surabaya in the south and Medan in the north of the country, reported the Saudi Press Agency.

Saudi Ambassador to Indonesia Osama bin Mohammed Al-Shuabi and senior officials held an event to receive the flight in Surabaya.

According to official sources, SAUDIA will operate four flights weekly between Jeddah and Surabaya and two flights weekly between Jeddah and Medan.

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Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs

A container ship sails on the Strait of Hormuz, as seen from Ras Al Khaimah, United Arab Emirates, 23 June 2025. EPA/ALI HAIDER
A container ship sails on the Strait of Hormuz, as seen from Ras Al Khaimah, United Arab Emirates, 23 June 2025. EPA/ALI HAIDER
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Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs

A container ship sails on the Strait of Hormuz, as seen from Ras Al Khaimah, United Arab Emirates, 23 June 2025. EPA/ALI HAIDER
A container ship sails on the Strait of Hormuz, as seen from Ras Al Khaimah, United Arab Emirates, 23 June 2025. EPA/ALI HAIDER

War risk insurance premiums for shipments to the Middle East Gulf have jumped to 0.5% from around 0.2-0.3% a week ago after US airstrikes on Iran’s nuclear facilities and growing risks to the critical Strait of Hormuz, insurance sources said on Monday.

The cost of a seven-day voyage is based on the value of the ship and the increase will add tens of thousands of dollars each day in additional costs.

While underwriters typically price risk and rates individually, the current 0.5% level reflected rates on Monday, the sources told Reuters and The Insurer, which is part of the Thomson Reuters group.