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"'U.S. officials called London insurers and brokers, trying to figure out how the market operates, industry insiders said. Some have received calls asking for confidential data on the Lloyd’s market that participants have been reluctant to share.'
Experts on the insurance market tell the WSJ that insurers are still willing to underwrite shipping through the Strait of Hormuz but that shippers, understandably, aren’t willing to risk the lives of their crews."
#Trump #oil #StraitofHormuz
/11
"Racing to respond to the utterly predictable impact of its Iran attack on global oil prices, President Trump made the impromptu policy announcement that the U.S. government would backstop insurers shipping through the Strait of Hormuz, but as the WSJ reports, the administration had little idea what it was proposing:"
~ David Kurtz
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/10
morningmemo.talkingpointsmemo.…
Of Course It Did: Trump Tantrum Led to Reversal on Law Firm Appeals
INSIDE: Pam Bondi ... Karoline Leavitt ... Pete HegsethDavid Kurtz (Morning Memo)
"He framed the surge as a positive development while insisting the war is necessary to stop Iran from acquiring nuclear weapons. For Americans paying more at the pump, that message is likely to land very differently. But good for Trump’s wealthy oil baron friends, I guess."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/9
"Instead of expressing concern about rising costs for Americans, Donald Trump posted on Truth Social celebrating the price spikes. In his message, Trump argued that higher oil prices are good because the United States is the largest oil producer in the world and therefore 'makes a lot of money' when prices rise."
~ Ben Meiselas
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/8
meidasplus.com/p/thursday-afte…
Thursday Afternoon Updates: Trump Celebrates Higher Oil Prices as Iran War Spirals — 3/12/26
It’s Thursday afternoon, and as we head toward the end of the week, there is a lot happening around the world that you need to know about.Ben Meiselas (Meidas+)
"He clearly thinks that is what will happen here—that he can just choose the moment where he wants to undo this and go back to the way it was. Leaving aside all the other reasons why that’s probably not possible—such as trust in the U.S., the Israelis might not be ready to stop—just assume all those problems are solvable. What you have now is the Strait of Hormuz has become militarized in a way that it wasn’t before."
"So basically this mess is like turning off the spigot that controls 20 percent of the world’s oil flow. ... This is one of those shocks that is going to be very hard to get back to any sort of status quo before the war. There’s also no end in sight. ...
Can we extricate ourselves? With the tariffs, he could say, '20 percent tariff today,' & then back off, leaving aside the illegality of doing that."
~ Elizabeth Saunders
#Trump #Iran #war #oil #gas #StraitofHormuz
/5
newrepublic.com/article/207666…
Trump’s Iran Blunders Suddenly Look Darker After Damning New Leaks Hit
As brutal revelations emerge about Trump’s handling of the war, a foreign policy expert explains why he won’t be able to extricate us from this debacle anytime soon—and provides a roadmap to what’s next.The New Republic
What we get upset about. Cartoon for Dutch newspaper Trouw: trouw.nl/cartoons/tjeerd-royaa…
#GasPrices #oil #OilPrices #Iran
"If you want to understand how this country has degenerated to such a state, how we can be spending nearly $2 billion a day attacking Iran without a clear endgame in sight, while children go without healthcare, nursing homes are understaffed because their workers have been deported, home electricity bills skyrocket due to data centers, consider who benefits and who isn’t hurt."
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/2
"It becomes clearer with each passing day that the people who took us to war with Iran had and have no idea what they’re doing — that they’re adolescents who think they’re playing video games while thousands die and the world careens toward economic crisis. The New York Times reports that Trump officials dismissed warnings that attacking Iran could disrupt world oil supplies."
~ Paul Krugman
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/1
paulkrugman.substack.com/p/the…
The Billionaires’ War
The ultrawealthy put Trump in power but other people will pay the pricePaul Krugman
If you want the details on the #Economics of "Operation Epic Mistake"
#Oil #USA #Economy #Finance #Inflation #News #Iran #Israel #War
oilprice.com/Energy/Energy-Gen…
The Strait Is Closed, the Story Keeps Changing,and You're Paying for It All
Twelve days into Operation Epic Fury, the Strait of Hormuz is effectively closed, oil has been a roller coaster, Iran's war aims are outlasting America's, and the inflation that follows is heading straight for your kitchen table.Michael Kern (OilPrice.com)
Several more explosions were heard across Doha and warning sirens sounded in Manama on Monday, as Iran pressed its aerial campaign against Gulf neighbours. The oil-rich Gulf states have been targeted by waves of drones and missiles since Tehran launched its retaliation campaign in the wake of the US and Israeli attacks against Iran. Hoda Abdel-Hamid reports from Doha for FRANCE 24.
#Iran #Qatar #Bahrain #oil #GulfStates #war
youtube.com/watch?v=oerwYHHQoB…
Explosions heard across Doha, sirens sound in Bahrain as Iran strikes Gulf neighbours • FRANCE 24
Several more explosions were heard across Doha and warning sirens sounded in Manama on Monday, as Iran pressed its aerial campaign against Gulf neighbours. T...YouTube
Speaking with FRANCE 24's Sharon Gaffney, Peter McNally, Global Head of Sector Analysts at Third Bridge, says that "the duration of the outage in the Middle East is going to be the biggest factor" in the G7's decision to tap into strategic oil reserves, adding that US President Donald Trump has "very few" options to keep energy prices down in the short term "other than to make demand go lower".
#Iran #oil #Trump #war #energy #StraitofHormuz
youtube.com/watch?v=1rNHgmz6Ic…
Trump has 'very few' options to keep energy prices down in the short term, analyst says
Speaking with FRANCE 24's Sharon Gaffney, Peter McNally, Global Head of Sector Analysts at Third Bridge, says that "the duration of the outage in the Middle ...YouTube
The U.S. military "eliminated" 16 Iranian mine-laying vessels near the Strait of Hormuz on Tuesday, the U.S. Central Command said in a statement, as President Donald Trump warned that any mines laid in the Strait by Iran must be removed immediately. Trump previously said the U.S. had "completely destroyed" 10 inactive mine-laying vessels. FRANCE 24's Fraser Jackson reports from Washington.
#Iran #StraitofHormuz #oil #shipping
youtube.com/watch?v=sZey-Lln1S…
Trump says US destroying Iranian mine-laying boats • FRANCE 24 English
The U.S. military "eliminated" 16 Iranian mine-laying vessels near the Strait of Hormuz on Tuesday, the U.S. Central Command said in a statement, as Presiden...YouTube
#Iran #Russia #oil #war #Ukraine
youtube.com/watch?v=J16f_Ewxvo…
Oil shortage, not removal of sanctions, will boost Russia's energy exports, expert says
US President Donald Trump says he's weighing lifting oil sanctions in an effort to keep energy prices down, in a move that is seen benefiting Russia and its ...YouTube
It is the centerpiece of Iran's oil industry. Located some 25 kilometers, or 15 miles, off the shore of mainland Iran, Kharg Island is a small but vital strip of land, for the Iranian regime. Around 90% of its crude oil exports pass through here. FRANCE 24's Solange Mougin reports.
#Iran #oil #Hormuz #war #MiddleEast #energy #trade
youtube.com/watch?v=AOIdkj7CQJ…
Kharg Island: Iran’s ‘untouchable’ oil artery? • FRANCE 24 English
It is the centerpiece of Iran's oil industry. Located some 25 kilometers, or 15 miles, off the shore of mainland Iran, Kharg Island is a small but vital stri...YouTube
While Iranian forces continue to block the Strait of Hormuz, which normally carries around 20 percent of global oil supplies, a number of ships linked to China have managed to transit through the strait, leaving some to speculate a deal has been made between Beijing and Tehran.
#Iran #Hormuz #China #shipping #trade #war #UnitedStates #oil
youtube.com/watch?v=OuTmoexBm9…
Why are ships linked to China getting through the Strait of Hormuz? • FRANCE 24 English
While Iranian forces continue to block the Strait of Hormuz, which normally carries around 20 percent of global oil supplies, a number of ships linked to Chi...YouTube
"Trump wants to be done because the conflict is getting too messy, Gulf allies are certainly privately asking WTAF Trump’s plan is and more than anything else Trump is realizing that he is triggering what has been the most reliable presidency killer in American politics for more than half a century: spiking gas prices."