re: #82 RealityBasedSteve

I’m sure that somebody will correct me if I’m wrong, but it seems like the last time something like this happened, what effectively closed the Straits was that the insurance companies made it so expensive to insure ships that were going to transit the Straits.

The threat of force is as effective (if not more so) than actual force.

RBS

There’s a solution to that: The US government should insure those oil tankers we need to pass. It might need new legislation, though I think if it were the Revolutionary Guards who sank a tanker it could be classed under Terrorism Risk Insurance. However, that would not work if the regular Iranian Navy sank a tanker, since that would be an act of war and not an act of terrorism.