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FBaggins

(28,695 posts)

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

Reply to SamuelTheThird (Reply #6)

Sun Mar 1, 2026, 12:36 PM

Sunday

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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Highlight:

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

This shows who really rules the world CanonRay Saturday #1

N/S JustAnotherGen Saturday #2

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

No policy equals no ship transporting oil SamuelTheThird Sunday #4

Untrue... but also irrelevant FBaggins Sunday #5

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

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