Close one, as long as they don’t call it tolls we are good
Isn’t it already closed again? https://www.msn.com/en-us/news/world/iran-declares-the-strait-of-hormuz-closed-again-after-us-lifts-blockade/ar-AA263IiK
It’s time to rename it to Schrödinger’s Strait. Is it open? Is it closed? Nobody can tell until a ship tries to sail through and is either sunk or not sunk.
Curiosity sunk the ship.
Ships are publicly traceable. I feel like every article should be contextualised with the following graph.
https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730
Spoiler: it’s closed and has always been closed since March.
Another big win for trump
Actual big win for Lloyd’s.
I bet Iran will only honor ship insurance sold by Iran.
That’s what Lloyd’s, etc will offer.
There are already countless fees, payments, tariffs, etc that must be paid on a voyage, that’s what Lloyd’s does, their business isn’t undertaking itself, they package insurances, fees, etc together so a ship only need pay the one company and they take care of the rest. For a fee.
They’ll pay Iran and slap another 30% on.
