Subject
Shipping firms > Strait of Hormuz
Quote from Video
What is happening right now is the ocean carriers, those who operate ships, largely tankers, but there's also other commercial ships that go in and out of here, have decided to basically sit back and wait a minute and let's see what happens between the US, Israel, and Iran. The other issue here, and the important one to understand, is war risk insurance. Everything in shipping is geared to insurance.

“What is happening right now is the ocean carriers, those who operate ships, largely tankers, but there's also other commercial ships that go in and out of here, have decided to basically sit back and wait a minute and let's see what happens between the US, Israel, and Iran. The other issue here, and the important one to understand, is war risk insurance. Everything in shipping is geared to insurance.”
