There's no insurance scheme the IRGC can concoct that protects against the US navy hitting your rudder with a 20mm gun.
Why would the US navy be attacking ships in the strait of hormuz
Iran starts Bitcoin-backed ship insurance for Hormuz strait
481–490 of 737 posts
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#482Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#483Earlier quoted context omitted.
You realize that America "in theory" wants ships to transit the strait right? The US blockade is self-defeating. You can't block the strait if we block the strait! lmao
I think this is incorrect. The point is to show that if Iran does this, then they will not be the only ones that can do it. The last thing that should happen is to reward Iran for rent seeking on the Strait. Others can also seek rent then, and the whole strait gets shut down..which encompassed around 90% of all Iranian oil exports, which in turn was about 90% of their economic exports.
Why is it so bad that countries want rent over the areas they control?
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#484Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#485Earlier quoted context omitted.
There is truth to this but it's basically we'll hurt ourselves to hurt you more. This is a lose-lose strategy.
I am not sure if in the long term it is our interest to allow Iran to extract rent from this trade route, which would only strengthen China. It seems to me that the hurt is spread around the world quite widely, with inordinate impacts on Iran and China, not the U.S. or Europe [1]. [1] https://www.visualcapitalist.com/charted-oil-trade-through-t...
I have nothing against china, and I have no interest in the companies operating from our soil. They certainly view us with contempt.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#486Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#487Earlier quoted context omitted.
> USA can win this war with barely any casualties What do you mean by "win"? What strategic goals can the US achieve in this war? We're at a point where merely achieving status quo ante bellum--i.e., Iran doesn't charge for passage through the Strait of Hormuz--seems to require giving concessions elsewhere. In many ways, this looks like the American version of Pearl Harbor--a stunning tactical victory that is simulta…
> We're at a point where merely achieving status quo ante bellum--i.e., Iran doesn't charge for passage through the Strait of Hormuz--seems to require giving concessions elsewhere. No, there is no reality where the world will let Iran take tolls here, no matter what happens that part wont happen. The world depends too much on straits being open and toll free, if you let that slide once it will be done by others and t…
What you're skipping over here is how that happens. If Iran wants to charge tolls on the strait, someone has to do something to keep Iran from doing that. And when you start gaming out the possible identities of that someone, the possible things of that something... well, the most likely route of this is via negotiating some concessions to Iran (i.e., at minimum sanctions relief and maybe even concrete progress to a nuclear bomb). That assumes that Trump even considers freedom of navigation as something worth concessions in the first place, which I don't take as a given.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#488Earlier quoted context omitted.
The bigger issue is the tankers. The US Navy isn't going to be happy patrolling the strait sure, but even if they did they wouldn't be able to protect the tankers enough for it to make sense for tankers to take the risk. The last time this happened the US opened the strait by accidentally shooting down an Iranian passenger plane after sinking a large chunk of Iranian navy. The Iranians assumed the US shoot the passen…
US downing of Iran passenger plane was as much an accident as the triple tap they did of the girls school in Iran recently or the use of nuclear bomb on Nagasaki and Hiroshima in the past when Japan was already surrendering ie it was a terror tactic. I think americans have the false belief that US is some of kind of benevolent force acting for the good of the world and promoting freedom and democracy. Where as it is…
People who are "already surrendering" don't need to be nuked twice.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#489Earlier quoted context omitted.
It's a pressure campaign to get a nuclear deal. NYT reported Iran already offered to open the strait, end hostilities, and negotiate a nuclear deal later, but the US rejected that offer as they want to pressure them into giving up their uranium. Now Iran is demanding money in exchange for the uranium which is the primary roadblock.
It's a pressure campaign to get the Iranian leadership in one place so that Israel can bomb them again. There was a deal, the president cancelled it in his previous term.
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Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#490Earlier quoted context omitted.
I am not sure if in the long term it is our interest to allow Iran to extract rent from this trade route, which would only strengthen China. It seems to me that the hurt is spread around the world quite widely, with inordinate impacts on Iran and China, not the U.S. or Europe [1]. [1] https://www.visualcapitalist.com/charted-oil-trade-through-t...
I have nothing against china, and I have no interest in the companies operating from our soil. They certainly view us with contempt.
I am talking about geopolitical security.