IRAQ-IRAN

Tanker War Takes Sharp Turn in 1Q 1986 

The Gulf tanker war witnessed an unprecedented number of attacks during the first quarter of 1986, with 28 confirmed hits compared to 40 for all of 1985. Meanwhile, by end-1985 marine insurers paid at least $600mn in claims resulting from the Gulf war. This does not include the estimated $400mn that have yet to be settled for the 74 vessels trapped in Shatt al-'Arab since September 1980, according to Mr. Mark Loveday of Mark...