Corkyskog@sh.itjust.works to News@lemmy.world · 1 month agoIran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Todaywww.turkiyetoday.comexternal-linkmessage-square136linkfedilinkarrow-up1586arrow-down10
arrow-up1586arrow-down1external-linkIran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Todaywww.turkiyetoday.comCorkyskog@sh.itjust.works to News@lemmy.world · 1 month agomessage-square136linkfedilink
minus-squareParagone@lemmy.worldlinkfedilinkEnglisharrow-up13·1 month agoTanker-insurance is impossible to get, now, therefore there simply won’t be any ships going through, until that gets remedied. & it won’t get remedied until MUCH more than “an assertion that it’s clear” is in-place. https://shanakaanslemperera.substack.com/p/actuarial-warfare-how-seven-insurance It’s going to be 1/4y MINIMUM before ships begin going through, again, from the looks of that… maybe closer to a year. Dominoes got BIG, thanks to the economic-rules underpinning everything in industry… _ /\ _
Tanker-insurance is impossible to get, now, therefore there simply won’t be any ships going through, until that gets remedied.
& it won’t get remedied until MUCH more than “an assertion that it’s clear” is in-place.
https://shanakaanslemperera.substack.com/p/actuarial-warfare-how-seven-insurance
It’s going to be 1/4y MINIMUM before ships begin going through, again, from the looks of that…
maybe closer to a year.
Dominoes got BIG, thanks to the economic-rules underpinning everything in industry…
_ /\ _