Finally some very good news on oil prices. America is going to give a lot of help to insure and reinsure, in other words, guarantee, oil cargo values moving through the Strait of Hormuz. The faster we safely get those ships to successfully sail through the strait, the faster oil prices are going to peak and move back down.There are 120 tankers sitting in Persian Gulf ports at the top of the strait, paralyzed because Lloyds of London and other reinsurers have broken their contracts and jacked up insurance rates 50 percent to 100 percent — if they’ll even write a contract — because of the so-cal...

1 week ago

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