Iran starts Bitcoin-backed ship insurance for Hormuz strait

Post by Jensson » Mon, May 18, 2026, 6:30 PM UTC

srean wrote: post #34

bradley13 wrote: post #22

Iran could easily have garnered a lot of international sympathy and support. Instead, they attacked their neighbors, impacted the world economy, and now are basically asking for blackmail money: "nice ship you have there...". Maybe Trump should bomb them some more?

Sympathy gets you Gaza, West Bank and a few refugee camps. Geopolitics understands one language alone.

Post by euroderf » Mon, May 18, 2026, 6:30 PM UTC

taffydavid wrote: post #79

mrandish wrote: post #59

Earlier quoted context omitted.

I don't know enough about the current state of naval warfare but I've assumed this is related to the asymmetry that's emerged around protecting capital warships, especially in the scenario of a very narrow strait and a long enemy-controlled coastline. They can shoot relatively low-cost, short-range guided missiles from anywhere along the coast. Even if a warship stops the vast majority of them, only one has to get th…

Cheap drones taking out an AWACS is a great example of this. The US has only 16 of these and it will cost $700 million to replace, and was taken out by a drone that probably cost less than your car.

Post by srean » Mon, May 18, 2026, 6:31 PM UTC

Jensson wrote: post #81

srean wrote: post #34

Earlier quoted context omitted.

Sympathy gets you Gaza, West Bank and a few refugee camps. Geopolitics understands one language alone.

And what has this done to help Iran so far? Trump doesn't care about peoples opinions, US oil is making record profits thanks to the war so there wont be pushback from them, and Trump has 5 more months until midterms that is still plenty of time. The main thing it resulted in is the Europe led coalition that aims to ensure the strait will never get blocked again, so Iran can never play this card again, that will lose…

Post by Pay08 » Mon, May 18, 2026, 6:33 PM UTC

tehjoker wrote: post #49

int32_64 wrote: post #25

There's no insurance scheme the IRGC can concoct that protects against the US navy hitting your rudder with a 20mm gun.

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

Post by LorenPechtel » Mon, May 18, 2026, 6:35 PM UTC

Jensson wrote: post #65

nerfbatplz wrote: post #51

Earlier quoted context omitted.

American destroyers and aircraft carriers have been chased away from the Strait multiple times now. Hilariously the USS George HW Bush had to go the long way around Africa rather than risk transiting the Bab El Mandeb after the Houthis defeated the US Navy last year.

In what way were they chased away? Iran tried to sink them and didn't hit any shots, and many on Iran's side died trying. Many IRGC soldiers dying and not even scratching the paint on US vessels doesn't show US to be weak. > Hilariously the USS George HW Bush had to go the long way around Africa rather than risk transiting the Bab El Mandeb after the Houthis defeated the US Navy last year. Valuing the lives of your c…