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pat_k

(13,014 posts)

13. The real reason is captured in the last phrase of the article: "insurance market volatility."

Reply to ChicagoTeamster (Reply #1)

Sun Mar 1, 2026, 12:09 PM

Sunday

Insurance has probably skyrocketed a level that has rendered tankers effectively uninsurable. An no tanker will move without insurance.

The US and Israel can declare the strait is protected and free of mines 'til the cows come home.

Underwriters know enough not to believe a word the US administration utters.

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republianmushroom

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Highlight:

Hundreds of ships drop anchor in Middle East Gulf, data shows [View all] BumRushDaShow Sunday OP

Is this in protest or because they are waiting until they feel secure enough to continue working.? ChicagoTeamster Sunday #1

I forgot about them. ananda Sunday #2

They operate along the coast of Yemen BumRushDaShow Sunday #5

Looks like we have a lot of "obliterated" people and places... ananda Sunday #6

Market manipulation IbogaProject Sunday #8

But ironically BumRushDaShow Sunday #11

The real reason is captured in the last phrase of the article: "insurance market volatility." pat_k Sunday #13

The same logic will soon apply to homeowners insurance in FL, TX, and CA. ChicagoTeamster Sunday #15

supply chain bottleneck + tarrifs ? Esox Lucius Sunday #3

"Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say." Hugin Sunday #4

Lloyds shipping insurance doubled and is expected to double again if they enter the strait. They can't afford it. LiberalArkie Sunday #7

Wait...I thought that oil COL Mustard Sunday #9

Well the oil being shipped is the same price, but the oil being delivered will be higher. But LiberalArkie Sunday #10

Correct, but 100% of oligarchs will gleefully rake up prices Sweet Rosie Red Sunday #12

I remember those days. COL Mustard Sunday #16

Iran was shopping for ship missals from China. republianmushroom Sunday #14

Rising oil prices will help Putin. thucythucy Yesterday #17