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Regardless, the bottom line is that shipping through the

Posted on: June 23, 2025 at 12:38:57 CT
JeffB MU
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Strait of Hormuz is now significantly higher. Even if no ships are sunk, the cost of insurance for those trips has probably already jumped significantly & the owners of those ships and the crews on those ships are going to require much more money to carry loads through there, and many will probably refuse to do so at any price until the danger abates.

This will undoubtedly cut supply of crude oil significantly as some 10% of crude oil passes through the Strait of Hormuz, and that which does will carry a significant premium.

Higher oil/gas prices are the certain result... until the danger goes away or at least subsides significantly.
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MESSAGE THREAD

Widespread GPS Jamming Across Strait Of Hormuz; Six - JeffB MU - 6/23 12:28:57
     RE: Widespread GPS Jamming Across Strait Of Hormuz; Six - Tigrrrr! MU - 6/23 12:53:10
          China is probably helping Iran, but I don't really feel all - JeffB MU - 6/23 13:04:04
     What did ship captains do before GPS? - Spanky KU - 6/23 12:31:49
          Regardless, the bottom line is that shipping through the - JeffB MU - 6/23 12:38:57
               Can't we just park a carrier in the Strait? (nm) - mizzouSECedes STL - 6/23 12:39:38
                    The thing about an emitter (jammer). It is broadcasting at - Tigrrrr! MU - 6/23 12:55:32
                         Yeah, I doubt that strategy will be of much benefit longer - JeffB MU - 6/23 13:07:20
                    Maybe, but that's probably easier said than done. Here is - JeffB MU - 6/23 12:43:30
                         we've asked china to ask tehran not to close the straits - noodle MU - 6/23 12:45:47
                              That's funny(nm) - 4TigersinMichigan MU - 6/23 12:51:39
                              Iran cannot close the Straits - Spanky KU - 6/23 12:51:38
                              One problem, is that we're already jousting with both China - JeffB MU - 6/23 12:49:58
                              Yeah, I don't understand that move - mizzouSECedes STL - 6/23 12:47:31
          Mapquest(nm) - 4TigersinMichigan MU - 6/23 12:35:00




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