Politics

I'm quite aware of the US military declaration that shipping lanes are open, and it is rather Lloyd's that is currently taking their sweet time in updating the insurance policies, so ships can start moving again.

Should I understand that from your point of view, Lloyd's is basing their current policy on nothing but hot air? Just a bunch of buffoons pontificating, not knowing what they are talking about on risk pricing and that there is zero risk for shipping?

If so, Trump's offer to have a US state backed insurance policy, is indeed brilliant, to move the epicenter of insurance and risk modelling towards the US.
They aren't buffoons, but I believe it is worth noting the position of the government with respect to this conflict under whose largesse they practice their trade. I have never sat in a Lloyds board of directors meeting, but it is an international syndicate where major revenue and risk decisions driven by a war are rare events. It is probably like herding cats. The risk analysis team is almost certainly under intense pressure. Hence, any rate announcement is going to be after exhaustive deliberative analysis (or perhaps paralysis). One can hope the US initiative will goad quicker resolution.
 
Well, Iran might be promising, but as usual not following through.



From article here:
This is called making chicken salad out of chicken shite. They are running out of munitions to attack anyone. Might as well try to appear brotherly and promise no more strikes on their fellow Muslims while threatening everyone else with mysterious capabilities that have been threatened daily for a week.
 
For anyone who has ever heard “Rule Britannia “ this has to be tough.

(I read a similar post on X but can’t find it now to give the individual credit).

 
I'll try to ignore the angry bitterness, but you do make two excellent points. One is the cacophony of "why haven't we won yet," which plays directly into the hands of the Iranian propagandists, anti-administration left, and isolationist Israel hating right, may be the most blatant public display of ignorance and lack of understanding of warfare that I have seen in my lifetime.

Second, The first chapter was written in this conflict with Carter's policy and military failures to confront the revolution in its infancy. Every successive administration, republican or democrat, has kicked this can into the future. It is now 2026, and I defy anyone with half a brain to deny that Iran has not been a growing and ever more dangerous threat to both our and frankly all of Europe and the Arab East for nearly fifty years. I defy even the most ardent America first Tucker Carlson enamored zealot to explain to me how an Iran with intercontinental missiles and nuclear weapons is not an imminent threat to this nation and its interests.

You rolled out your list of failures, well let me offer you one that actually parallels the situation in Iran and the Gulf region. For fifty years (sound familiar?) following the Korean war, we watched North Korea steadily develop nuclear capability and long range ballistic missiles and did nothing. In 2003, North Korea withdrew from the Non-Proliferation Treaty in 03, and tested a nuclear weapon in 2006. They likely have a dozen weapons capable of reaching Hawaii and the West Coast, and a fat murderous lunatic in charge of them. And we did nothing, and now can not.

Due to its location and the imminent threat the current regime in Iran represents to regional Western economic interests, doing nothing this time represents a concession to eternal blackmail at best, and growing instability as Iran pushes its hegemonic ambitions and religious zealotry across the Middle East. More existentially, does anyone really believe the zealots in Tehran would not find a means to deploy such a weapon against Israel and/or the United States?

The worst case scenario on which to conclude this war will be the Theocracy still in place, the Iranian people still in bondage, but the ability of Iran to pursue nuclear weapons and long range ballistic missiles curbed for a generation. Even that limited success will be infinitely better than staring at the smoking radioactive ruins of Tel Aviv , New York, or London, or attempting to deal with an Gulf region under control of a hostile religious cult with unlimited resources.

IT was a political half measure and didnt do anything of substance, anyway heres proof KIM "little,rocket man" and MSS Albright spent the night togather I dont know whose happiest but she looks pretty satisfied.
And do you realize you just paid a compliment to TRUMP, in your post.

New Evidence on Clinton Administration Negotiations with North Korea https://nsarchive.gwu.edu/sites/default/files/thumbnails/image/5-main.jpg

1772910256961.png
 

Why the US’s 1994 deal with North Korea failed – and what Trump can learn from it

Why the US’s 1994 deal with North Korea failed – and what Trump can learn from it

Well that post didnt work
 
we have a flotilla of ships waiting there to act , thats worth more than a piece of paper I would think.
Ships maybe, but you do not have pallets of money waiting to be paid out in case a drone hits a tanker.
 
IT was a political half measure and didnt do anything of substance, anyway heres proof KIM "little,rocket man" and MSS Albright spent the night togather I dont know whose happiest but she looks pretty satisfied.
And do you realize you just paid a compliment to TRUMP, in your post.

New Evidence on Clinton Administration Negotiations with North Korea https://nsarchive.gwu.edu/sites/default/files/thumbnails/image/5-main.jpg

View attachment 751376
Of course I did. I have no "feelings" about Trump at all. When his policies make sense, I will be the first to applaud them, and when he acts like a buffoon, I'll absolutely criticize him. For instance, I think his tariff policies are at best incomprehensible, and his position with respect to Ukraine and Russia is reprehensible - even shameful.
 
Ships maybe, but you do not have pallets of money waiting to be paid out in case a drone hits a tanker.
Apparently we have initially funded this insurance program to the tune of $20 billion.
 
Of course I did. I have no "feelings" about Trump at all. When his policies make sense, I will be the first to applaud them, and when he acts like a buffoon, I'll absolutely criticize him. For instance, I think his tariff policies are at best incomprehensible, and his position with respect to Ukraine and Russia is reprehensible - even shameful.
Then we are the same on him.
 
As I have noted several times here one of the more ridiculous arguments by the legions of critics who have zero joint military operational experience has been the supposed failing zero sum game between US and Israeli air defense interceptor systems and Iranian missiles. Whenever the latest idiot posits this assertion, a third variable is always left out of the equation. That variable is the strike campaign against Iranian missile storage, assembly, and launch capabilities. Hundreds of sorties have been directed against these assets. The chart below offers pretty clear evidence of the effectiveness of that variable. :unsure:

Missile launshes.jpg
 
we have a flotilla of ships waiting there to act , thats worth more than a piece of paper I would think.

Not at all. Let’s say you have a VLCC loaded with 2 million barrels of crude. I don’t know what the vessel is worth, but the cargo is worth somewhere around $160 million USD. Would you sail that into the straight of Hormuz uninsured with some drones still getting through?
 
Not at all. Let’s say you have a VLCC loaded with 2 million barrels of crude. I don’t know what the vessel is worth, but the cargo is worth somewhere around $160 million USD. Would you sail that into the straight of Hormuz uninsured with some drones still getting through?
not at all ,but Russia runs a fleet of tankers without insurance.
 

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Would you be willing to talk sometime about your experience with RDB? More so what you would recommened taking. I will be going in May.
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Good morning,
Did you hunt w Leeuwkop at their ranch or in Zimbabwe? The ranch looks awesome, but I'll be in Zimbabwe for buffalo and whatever else we dig up.
What did you hunt for?
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