The Strait of Hormuz is effectively closed. That means there is too much threat to send major commercial ships through the Strait.
Trump Aides Panic Over Full-Blown Gas Price Crisis He Caused | The president’s team is “getting screamed at to find some good news.”
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gfm7175
Jesus is LORD!
Fear mongering. The Straight is open.
Uh-huh. Says who?
Trump Aides Panic Over Full-Blown Gas Price Crisis He Caused
The president’s team is “getting screamed at to find some good news.”www.thedailybeast.com
You understand that ships are not going through the Strait, so it is effectively closed. Whether it is "fear mongering" causing the pulling of reinsurance or not, it has been pulled.
QP!
Verified User
Yup.
Biden dealt with the end of covid and the Russian war shock on the markets and yet got the US Economy to the envy of the world, as you say.
Same for when Obama handed it over to Trump.
And Trump will almost certainly again hand over complete crap to the next POTUS. Just as Bush Jr also did.
gfm7175
Jesus is LORD!
Ships ARE going through the Strait. Not as many as before, but ships ARE going through.
There has not been a single ship carrying oil as a cargo to go through the Strait in several days. It is effectively closed to oil shipments, and it is the essential to shipping 20% of the world's oil. If this is not solved soon, it will be a disaster.