Iran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Today

https://sh.itjust.works/post/56584545

Iran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Today - sh.itjust.works

Lemmy

The convoy idea is so dumb that I can’t believe anyone said it out loud. Effective strategy against commerce raiders, which Iran explicitly does not have. Might as well offer to mount a CIWS on tankers and hope your insurance premiums will see it as a wash (they won’t). Makes as much sense as suggesting you counter drones with cavalry.

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.

Oh they tried this, admin offered to pay oil companies for damages and move it themselves. Little catch there is tanker ships take half a decade or longer to build. The companies cannot afford to roll the dice on losing one, even if they’ll get reimbursed for the ship. They lose capacity ($$$) waiting for the replacement.
And USA doesn’t build those ships.
Who does build those ships?
China and South Korea, but mostly China.