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SamuelTheThird

(828 posts) Sat Feb 28, 2026, 07:17 PM 9 hrs ago

Policies covering ships moving through the Strait of Hormuz are cancelled

Contra people here saying the strait wouldn't be affected...

Link to tweet

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4 replies

= new reply since forum marked as read

Highlight:

Policies covering ships moving through the Strait of Hormuz are cancelled (Original Post) SamuelTheThird 9 hrs ago OP

This shows who really rules the world CanonRay 9 hrs ago #1

N/S JustAnotherGen 9 hrs ago #2

That's nothing new and doesn't close the straight FBaggins 7 hrs ago #3

No policy equals no ship transporting oil SamuelTheThird 3 hrs ago #4

CanonRay

(16,092 posts)

1. This shows who really rules the world

Reply to SamuelTheThird (Original post)

Sat Feb 28, 2026, 07:23 PM

9 hrs ago

Lawyers and insurance companies. The Strait of Hormuz will close now.

JustAnotherGen

(37,918 posts)

2. N/S

Reply to SamuelTheThird (Original post)

Sat Feb 28, 2026, 07:49 PM

9 hrs ago

FBaggins

(28,681 posts)

3. That's nothing new and doesn't close the straight

Reply to SamuelTheThird (Original post)

Sat Feb 28, 2026, 09:49 PM

7 hrs ago

It increases the cost of transporting oil far less than the increase in the value of the oil the tanker is carrying.

In the 1980 “tanker war” premiums quadrupled (far more than speculated here)… yet traffic continued to flow with little interruption

SamuelTheThird

(828 posts)

4. No policy equals no ship transporting oil

Reply to FBaggins (Reply #3)

Sun Mar 1, 2026, 01:46 AM

3 hrs ago

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