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FBaggins

(28,706 posts)

7. Actually - you'll go with your own imagination over either

Sun Mar 1, 2026, 01:36 PM

Mar 1

No "expert" in the link you provided had anything to say about insurers, whether insurance was available, or whether ships would risk the Straight with or without insurance.

Onca again - we've been here before. It isn't new territory. The speculated 50% increase in insurance means that a large tanker's insurance for the voyage goes from $250,000 to $375,000. But the value of the cargo (2 million barrells of oil) went up over three million dollars just on Friday - and could easily jump much higher tomorrow. The cost of the insurance isn't going to stop anyone.

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Policies covering ships moving through the Strait of Hormuz are cancelled [View all] SamuelTheThird Feb 28 OP

This shows who really rules the world CanonRay Feb 28 #1

N/S JustAnotherGen Feb 28 #2

That's nothing new and doesn't close the straight FBaggins Feb 28 #3

No policy equals no ship transporting oil SamuelTheThird Mar 1 #4

Untrue... but also irrelevant FBaggins Mar 1 #5

I'll go with actual experts rather than random posters SamuelTheThird Mar 1 #6

Actually - you'll go with your own imagination over either FBaggins Mar 1 #7

Oil tanker traffic down 90% in the Strait of Hormuz SamuelTheThird Mar 4 #9

This message was self-deleted by its author SamuelTheThird Mar 4 #8