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Posted on 07/22/2026 2:15:57 PM PDT by McGruff
Crossings through the Strait have fallen sharply across multiple shipping datasets with renewed U.S. strikes on Iran, Tehran’s declaration of a blanket ban on maritime traffic and fresh attacks on commercial vessels has prompted operators to reassess the risks of entering the Gulf.
Lloyd’s List Intelligence recorded just 53 vessel transits in the week through July 20, down 66% from 157 the previous week. Tanker and gas carrier movements, which are the ships responsible for transporting most Gulf crude oil and liquefied natural gas, dropped to 30 crossings from 90.
Kpler data similarly show activity deteriorating almost immediately after the blockade began. Daily crossings, which had averaged more than 20 vessels before July 15, fell to 16 that day before dropping to single digits on July 16. Traffic remained subdued through the rest of the week, with only sporadic recoveries.
(Excerpt) Read more at cnbc.com ...
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In the short run, this is painful. In the long run, this will push everyone to develop supply chains that avoid the Straits of Hormuz which will be good. It amazes me that no one was doing that already but I guess the economics didn’t make sense and no one was going to do it without an economic incentive.
Trump and allies should set up a program where the Strait must remain open and the cost of ANY AND ALL damages* inflicted upon shipping by Iran will be 100% covered by IRANIAN IMPOUNDED FUNDS. This would stiffen the spines of the shipping insurers and reinsurers. And IRANIANS UNDERSTAND MONEY, do not want to lose it and will punish (i.e., kill) those who cause the loss. And the ones causing the loss are the IRGC.
I’m posting this in every thread where the absence of such MONETARY DAMAGES ASSESSMENT is partially responsible for the situation.
And, yes, we could both bomb Iran (and/or take other actions) and do this at the same time.
* “ALL damages” INCLUDES the cost of cargo, the cost to repair/replace the ship, the “opportunity cost” (revenues/profits the ship could have made during the time the ship is out of action), losses suffered by the crew members (and.or their families) who are injured or killed
“ everyone to develop supply chains that avoid the Straits of Hormuz”
With modern trenching and pipeline technology there should be multiple big pipes crossing the desert bypassing the iranian straight.
They built the suez canal well over 100 years ago, why don’t they bypass this straight?
It could still be targeted by iranian crazies, but they could build multiple pipelines and shut off iranian oil.
This could be completed in a year or less.
And environmental cleanup
The Houthis just targeted two Saudi tankers in the Red Sea. Game on.
Evidently, the muslims don’t even like each other.
Exactly- and i’ve read the pipelines are being built at breakneck speed in the ME....
Underground pipelines would be untouchable.
Wait. I thought it has been all shut down, and then aller shut downerered even more for nearly a month. /s
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