Oil Tankers running dark through Straights of Hormuz

[Coach is Back!]

Pricks

DRIVE-BY MEDIA: Oil tankers never stopped crossing the Strait of Hormuz. They turned off mandatory AIS tracking to move through safely and switched it back on after. Media reported a crisis that was not happening causing oil and gas prices to spike.

h/t @MarineTraffic

https://x.com/amuse/status/2031127931322282242?s=46

[Necrosis]

So insurance faltered because of media reports?

[Humble Narcissist]

If it does close down I'm walking to the grocery store and back.

[chaos]

So insurance faltered because of media reports?

They're cancelling insurance in CA because of the dangers of fires and mudslides.....you know, the whole reason we are forced to buy insurance.
Point is, insurance will react to whatever they perceive as a threat to their profits.

[Humble Narcissist]

They're cancelling insurance in CA because of the dangers of fires and mudslides.....you know, the whole reason we are forced to buy insurance.
Point is, insurance will react to whatever they perceive as a threat to their profits.

Soon they'll quit selling car insurance because of auto accidents.

[Necrosis]

They're cancelling insurance in CA because of the dangers of fires and mudslides.....you know, the whole reason we are forced to buy insurance.
Point is, insurance will react to whatever they perceive as a threat to their profits.

Those are actual statistical outcomes that can be predicted via risk management assessment and some complex formulae, this would indicate they are going on vibes as there is no data to go on. If insurance companies are relying on media coverage and not actual data it would be fucking shocking especially at these levels.

A life insurance policy has more data points ffs.

This is just more spin to make the situation look better then it is and blame extraneous factors outside the purview of the actual facts. At least thats my opinion.

[Necrosis]

Soon they'll quit selling car insurance because of auto accidents.

If there is a variable that becomes untenable like global warming increasing fire risk (which is obvious if you look at the data) it would make sense to cancel policies based on old data points.

What the above is saying is akin to cancelling those policies because the news reports mudslides are on fleek and trust me bro.

[chaos]

Those are actual statistical outcomes that can be predicted via risk management assessment and some complex formulae, this would indicate they are going on vibes as there is no data to go on. If insurance companies are relying on media coverage and not actual data it would be fucking shocking especially at these levels.

A life insurance policy has more data points ffs.

This is just more spin to make the situation look better then it is and blame extraneous factors outside the purview of the actual facts. At least thats my opinion.

What do you believe they are basing the risk assessment on?

[Necrosis]

What do you believe they are basing the risk assessment on?

The fact that there is an active war in the region and Iran has stated they will attack ships (which they have). The cargo the ships are carrying is another key aspect, a spill in the area of that magnitude is an ecological disaster and incredibly costly. Based on previous scenarios, the likelihood of damage and a plethora of other factors like the disruption of traffic as we have seen, gps jamming causing navigation issues.

They are not basing it on media reporting of dangers, there is a reason oil prices are spiking. Traffic is down a ton, its over 80%.

Why are you at war again? can you tell me that?

[Necrosis]

FTR I think you are going to lose this war


Iran has been prepping for this forever and the strait was their trump card. If they shut it down to the world, this might already be over.

https://www.ynetnews.com/article/bkfkxa4i4

I honestly think you should call it a victory with the death of the supreme leader and get out.

[Necrosis]

https://www.reuters.com/world/middle-east/us-navy-tells-shipping-industry-hormuz-escorts-not-possible-now-2026-03-10/?utm_source=reddit.com

LMAO

we will escort ships, we have escorted some....

we cant escort and haven't actually.

More lies and sloppy dumb dumb shit.

He also claimed he was helping china when it was the iranians who let them through. This fucking guy never met something he couldn't take credit for or responsibility he couldn't avoid.

[GymnJuice]

FTR I think you are going to lose this war


Iran has been prepping for this forever and the strait was their trump card. If they shut it down to the world, this might already be over.

https://www.ynetnews.com/article/bkfkxa4i4

I honestly think you should call it a victory with the death of the supreme leader and get out.

It depends on how you define winning and losing. If the goal is establishing Iranian democracy, reducing terrorism, or achieving lasting peace in the middle east, then yes we will lose.

But if winning simply means propping up the petrodollar, pleasing lobbyists and enriching defense contractors, and staving off bankruptcy a little while longer, then by that measure, we already are winning.

[chaos]

The fact that there is an active war in the region and Iran has stated they will attack ships (which they have). The cargo the ships are carrying is another key aspect, a spill in the area of that magnitude is an ecological disaster and incredibly costly. Based on previous scenarios, the likelihood of damage and a plethora of other factors like the disruption of traffic as we have seen, gps jamming causing navigation issues.

They are not basing it on media reporting of dangers, there is a reason oil prices are spiking. Traffic is down a ton, its over 80%.

Why are you at war again? can you tell me that?

So you think if the media wasn't pushing their propaganda that the insurance companies would react the same way?

[IroNat]

Rumor says Iran is mining the Strait.

[IroNat]

Someone made an astute post as to why the insurance companies are not covering the ships.

If the insurance companies cannot actuarilly quantify the risk they can't insure.
Acts of war defy actuarial assumptions.

[Necrosis]

It depends on how you define winning and losing. If the goal is establishing Iranian democracy, reducing terrorism, or achieving lasting peace in the middle east, then yes we will lose.

But if winning simply means propping up the petrodollar, pleasing lobbyists and enriching defense contractors, and staving off bankruptcy a little while longer, then by that measure, we already are winning.

I am not entirely sure what the actual goal is here. They bypassed congress as well which is nuts.

[Necrosis]

So you think if the media wasn't pushing their propaganda that the insurance companies would react the same way?

I would imagine any reasonable company that works and handles billions of dollars would do their due diligence. I think reporting would be the same, I dont think false reports were ever an issue.

The shipping companies are likely providing information, plus governments as well. I don't see what benefit the media would provide here.

[Necrosis]

Someone made an astute post as to why the insurance companies are not covering the ships.

If the insurance companies cannot actuarilly quantify the risk they can't insure.
Acts of war defy actuarial assumptions.

Precisely, the actual war, the cost of potential damage which increases exponentially has them saying fuck this.  The risk is technically superexponential from actual ecological damage, life loss and the cargo which isn't cheap.