Timeline for answer to How much money could the US International Development Finance Corporation use to insure ships in the Hormuz, without new laws/appropriations? by what number you wanted
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| Mar 14 at 13:46 | comment | added | Joe W | And he is also the driving force behind the conflict and has been saying since the start that casualties should be expected. The issues I raised are what the companies that own, control, and insure the ships face. | |
| Mar 14 at 3:44 | comment | added | what number you wanted | @JoeW: Lol. Trump is openly calling for the sailors to "show some guts". thehill.com/business/… Iran's response aljazeera.com/video/newsfeed/2026/3/12/… | |
| Mar 13 at 18:39 | comment | added | Barmar | @JoeW As I said, you're probably right, but these days it's hard not to be cynical about the motivations of billionaires and politicians (and especially those who are both). | |
| Mar 13 at 16:48 | comment | added | Joe W | @Barmar It is hard to use increased gas prices as a justification for those events. | |
| Mar 13 at 16:04 | comment | added | Barmar | @JoeW Probably true, but "desperate times call for desperate measures". | |
| Mar 12 at 20:47 | comment | added | Joe W | Regardless of how well the ships are insured, it is unlikely that anyone involved would want to deal with the negative publicity of a dead crew and an oil spill. | |
| Mar 7 at 12:17 | comment | added | what number you wanted | Lloyd’s Market Association found it worthwhile to comment that “it is important to note that the vast majority of these vessels are insured in the London market and for those vessels, insurance currently remains in place”. Anyhow, it seems that unsanctioning (some) Russian oil, which Bessent has done, has had a quicker effect than this talk of reinsurance, with details still being worked out. lloydslist.com/LL1156549/… | |
| Mar 7 at 2:37 | history | edited | what number you wanted | CC BY-SA 4.0 |
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| Mar 7 at 2:33 | comment | added | what number you wanted | It would cover ~200 (newish) Suezmax tankers based on a quick calc. Whether they could actually disburse those sums for that purpose without some legal challenges as to DFC's authorizations, IDK. I haven't found any commentary that says they couldn't (for now) though. | |
| Mar 7 at 2:21 | history | answered | what number you wanted | CC BY-SA 4.0 |