Very interesting… 👀 🤔
This is potentially the biggest Iran story nobody is talking about: the global insurance market may be heading toward a systemic crisis. Here’s why…
https://x.com/johnkonrad/status/2028533903263150172
The rest of that insurance story is that Trump guaranteed coverage for losses to the Lloyds of London guys and their friends for any losses they might take in the Persian Gulf. And he approved Navy escorts for any shippers that wanted them going thru the Hormuz. You can expect to see the boats holding in the Arabian Sea to start weighing anchor.
It’s worth remembering that FDR did the same thing for Atlantic merchant ships and Lloyds during WW II.
Wait for it tho: the dims will want to whine about it.
Yes, and that is an essentially bulletproof source too. That guy has been laying down for ~20 years BS free...