@ErikJonker Is it just me or is this something no one needs to buy?

Even if you're BP or Shell or whatever if a tanker or two of yours gets blown up, the US Navy is *still* going to shuttle you through the Strait of Hormuz and it'll be considered a national emergency if any more than a couple of those tankers get taken out.

@geopolitics

@josh @ErikJonker @geopolitics

From what I gather, this is less a case of protection money, and more the US government having to offer insurance coverage because the usual maritime insurance providers do not want to touch it because the risk is too great.

That said, this feels very throw-together and who knows if it will actually materialize as actual coverage.