Corkyskog@sh.itjust.works to News@lemmy.world · 4 days agoIran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Todaywww.turkiyetoday.comexternal-linkmessage-square157linkfedilinkarrow-up1592arrow-down17
arrow-up1585arrow-down1external-linkIran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Todaywww.turkiyetoday.comCorkyskog@sh.itjust.works to News@lemmy.world · 4 days agomessage-square157linkfedilink
minus-squarehector@lemmy.todaylinkfedilinkarrow-up3arrow-down1·4 days agoInsurance companies won’t touch it.
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up2·4 days agoOf course. The US government would have to insure it. No private company is touching that with a 10 foot pole.
minus-squareCorkyskog@sh.itjust.worksOPlinkfedilinkarrow-up12·4 days agoNo company is going to trust insurance from this administration though. That’s the problem with having a Trump who famously never pays his debts.
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up11·4 days agoWhich is why I said insurance in escrow. Trump is famous for stiffing people. I’d want that money paid upfront and held in escrow by an independent financial firm in a neutral nation. If a ship gets hit, escrow pays out for the oil, the ship, and the loss of future earnings. If the ships never sink, the money goes back to the US.
minus-squareCommanderCloon@lemmy.mllinkfedilinkarrow-up2·4 days agoWhich couldn’t happen since the gvt is scrambling to get the money to prepare for tariff refunds
Insurance companies won’t touch it.
Of course. The US government would have to insure it. No private company is touching that with a 10 foot pole.
No company is going to trust insurance from this administration though. That’s the problem with having a Trump who famously never pays his debts.
Which is why I said insurance in escrow.
Trump is famous for stiffing people. I’d want that money paid upfront and held in escrow by an independent financial firm in a neutral nation.
If a ship gets hit, escrow pays out for the oil, the ship, and the loss of future earnings. If the ships never sink, the money goes back to the US.
Which couldn’t happen since the gvt is scrambling to get the money to prepare for tariff refunds