Something doesn’t add up. If we “own” the air and the sea, how the fuck is the Strait of Hormuz…
closed? I would think that we have a powerful enough Navy that could easily escort tankers through.
Replies to: Something doesn’t add up. If we “own” the air and the sea, how the fuck is the Strait of Hormuz…
Turns out it is controlled by six insurance companies
They say they won’t cover ships in that strait, then no ships go in that strait.
Technically open, but deemed an area of high risk, driving up insurance to travel through.
As I understand it, many ships are choosing not to make the trip for the time being. Iran attacked a bunch of ships, and sank one (a UAE tugboat, if Wikipedia is to be believed), but Iran hasn't hit another ship for a couple days (perhaps no ships are traveling through right now?). I suppose it is possible that the maritime situation there will ease up if passage is tested, and Iran is not able to hit any ships. But, I can see how Lloyds of London might not think the trip is 100% safe...nothing is ever 100% except in the political arena where each side requires the other side to be 100% perfect.
(I am definitely not an expert, so if someone else can chime in with better information, I will defer to them.)
George Prokopiou has put some tankers through.
Even in the adrenaline-fueled shipping industry, billionaire George Prokopiou has long been renowned for sailing close to the wind in pursuit of profit.
This week, the Greek magnate made one of the boldest plays of his 55-year tanker career: sending at least five ships through the Strait of Hormuz while war flared across the Middle East.
He owns Dynacom Tankers and is offering tankers for up to $440,000 a day, four times prewar rates.
Wiki is using Iran state run media as a source. So is CNN. At least one tanker made it through.
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Mecca-pedia.
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Guess Trump promising to insure all vessels passing through didn’t work out
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Consent Management