Iran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Today
Iran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Today
If I was one of those oil companies, I’d say sure. You staff the tanker with your people and you insure us for any losses incurred. Also, put an upfront amount of insurance money in escrow.
But we’re not risking lives, merchandise, and equipment. You want the oil that badly. You move it. We’re just going to raise oil prices to cover our losses in the meantime, so we’re fine.