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.

It’s not just normal insurance cost either. These ships take years to replace. They also have to insure against the multiple years worth of profits and loss of market share.