dantheclammanFox & Friends co-host Brian Kilmeade tells oil tankers to go through the Strait of Hormuz: "Show some guts and go through that strait and do it"
CompactFlaxTrump is about to find out that ship owners won’t risk hundreds of millions per ship on an uninsurable voyage just to stroke his ego.
Apparently the maritime insurance market writes about $1b per year, around .005% of hull value to 1-3% - which exceeds the profit margin.
Actuarial Warfare: How Seven Insurance Letters Closed the World’s Most Critical Chokepoint and Why Markets Are Mispricing Duration by 300%
Private Reinsurance, IRGC Fragmentation, Interceptor Depletion, and a Dead Nuclear Fatwa Have Produced a Crisis No Military Victory Can Resolve