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(3 hours ago)IDELB2006 Wrote: Looks like Iran will end up with control of strait.
I mean it makes sense, its right next door to them, and what's an extra 2 million fee is just to keep the strait safe
This peace deal is a total win for Trump.
Link
I think Trump's legacy will never recover no matter what he does at this point.
Iranian leaders have said they can't trust Trump.
How will he handle that war criminal from Israel?
I do agree with you, paying a measly 2 million fee is worth it. How much were they paying for insurance to begin with?
"War risk insurance premiums for tankers transiting the
Strait of Hormuz have surged from pre-conflict levels of roughly
0.02% to 0.15% of a vessel's value to between
3% and 10% during the height of hostilities in
2026.
- Absolute Costs: For a $100 million tanker, premiums jumped from approximately $250,000 to between $3 million and $10 million per voyage.
- Peak Crisis: At the peak of the conflict in mid-2026, some stranded tankers paid up to 10% of their Hull and Machinery value, with one crude-laden Suezmax tanker paying a $7.5 million premium.
- Recent Trends: While premiums eased slightly to around 1% in late March 2026 amid diplomatic hopes, they surged again in July 2026 as attacks intensified, with rates fluctuating between 3% and 10% depending on the specific route (northern vs. southern passage) and vessel ownership. " (AI)
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They will be getting off cheap.
"The only journey is the one within."