Commentary continues to pour out re: Trump's war against Iran.
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"'U.S. officials called London insurers and brokers, trying to figure out how the market operates, industry insiders said. Some have received calls asking for confidential data on the Lloyd’s market that participants have been reluctant to share.'
Experts on the insurance market tell the WSJ that insurers are still willing to underwrite shipping through the Strait of Hormuz but that shippers, understandably, aren’t willing to risk the lives of their crews."
I vaguely used to know an insurance underwriter. As I understood his job, it was about studying and sometimes visiting the most troubled spots on the planet, in order to price the risk.
Yes of course Lloyd's will still underwrite shipping through the straits of Hormuz. Lloyd's loves this stuff, at a price. For insurance underwriters, high risk means high profit.
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"The President of the United States has engaged our country in a war for no discernible reason except distraction – and apparently because being at war can be cool and fun. Just like video games. ...
It’s all a game. It’s all a game. It’s all a game.
Until Game Over."
~ Keith Owens
wearespeaking.net/p/war-games-are-not-a-game
"One prominent rationale for the Israeli-American attack on Iran is to bomb the country into friendliness to the US and Israel. ...
The real goals of Trump’s war cannot be found in his strategic vision, which is overshadowed, if it even exists, by a pinwheeling embrace of postures that serve his vanity and his short-term political interests."
~ Eli Clifton and Ian S. Lustick
#Trump #Netanyahu #Iran #Israel #war
/19https://www.thenation.com/article/world/trump-iiran-war-israel-us-foreign-policy/
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"One prominent rationale for the Israeli-American attack on Iran is to bomb the country into friendliness to the US and Israel. ...
The real goals of Trump’s war cannot be found in his strategic vision, which is overshadowed, if it even exists, by a pinwheeling embrace of postures that serve his vanity and his short-term political interests."
~ Eli Clifton and Ian S. Lustick
#Trump #Netanyahu #Iran #Israel #war
/19https://www.thenation.com/article/world/trump-iiran-war-israel-us-foreign-policy/
"While most combat operations have been undertaken by the US military, at considerable risk to US service members and costs borne by American taxpayers, the war was born, planned, and insisted upon by Israel, and its long-serving Prime Minister Benjamin Netanyahu."
#Trump #Netanyahu #Iran #Israel #war
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