Just now, Phillyterp85 said:

Because Trump is a moron. You realize that had a shipping company actually accepted this, it would have cost the US taxpayer more money right? The US taxpayer would have then been on the hook to pay for the damages to foreign owned shipping vessels that got attacked by Iran trying to pass through the strait.

I posted two sources fact checking me to be right. Your psychosis has been noted

Like a good neighbor state farm is there

1 minute ago, Nice Work Pal said:

Like a good neighbor state farm is there

Beginning of March time stamp. More please since they are correct.

DH has replaced KZ

3 minutes ago, Diehardfan said:

If Iran closed it why offer to underwrite? Trump was attacking Iran and the insurance companies stopped the traffic because of it.

You are so F'ing stupid hahahahaha. More, right now!

16 hours ago, Diehardfan said:

To be fair Iran actually did. Let's review for idiots here.

People said Iran's navy was closing it. I said no chance their navy can do that which kicked the convo off.

Insurance companies closed it by stopping traffic in early March

Trump offered to cover losses in response to the insurance companies closing it

Their minister said it wasn’t closed

The IRGC did their thing AFTER the insurance companies stopped the flow late March

Trump closed it

I've been right the entire time.

When the "Diehards dumbest posts - top 10 all time” is published some years from now this post will be in the list.

2 minutes ago, DrPhilly said:

When the "Diehards dumbest posts - top 10 all time” is published some years from now this post will be in the list.

Grok and Google agree with me. Cope harder.

Google:

Yes, insurance companies and reinsurers effectively stopped the flow of traffic through the Strait of Hormuz before the Iranian Revolutionary Guard Corps (IRGC) formally announced it was closed, according to industry reports from March 2026. 

Traffic through the vital waterway had already dropped by over 80% following the start of U.S./Israel strikes on Iran on February 28, 2026, as war risk insurers started withdrawing cover before the official IRGC declaration of closure. 

Key Details of the Insurance-Driven Shutdown:

• Preemptive Withdrawal: Within 72 hours of the initial strikes, major insurance clubs representing 90% of the world's merchant fleet began cancelling war risk coverage for vessels in the region.

• Surging Premiums: War risk insurance premiums surged fivefold to as high as 1-3% of the ship's value, making transit economically impossible for most operators.

• Commercial Stop: Shipping giants, including Maersk, suspended cargo bookings in and out of the region due to the lack of insurance and safety, causing tankers to stop in their tracks, with only a few non-Western ships attempting passage.

• De Facto Closure: Industry experts noted that the "commercial shutdown preceded the physical blockade," meaning the financial decision to stop coverage occurred before the IRGC formally declared the waterway closed and threatened to target ships. 

This "financial blockade" resulted in a collapse of traffic to fewer than four vessels per day by March 5, 2026, a massive drop from the pre-crisis average of over 130 per day

45 minutes ago, Mike030270 said:

Same issue with the straight. Their politicians want a deal the IRG says no. Two factions inside Iran.

46 minutes ago, Diehardfan said:

If Iran closed it why offer to underwrite? Trump was attacking Iran and the insurance companies stopped the traffic because of it.

So Iran didn't close it, and Trump would underwrite the ships going through. So the ships had no reason to not continue through no? Unless GEICO has a Navy?

1 minute ago, Diehardfan said:

Same issue with the straight. Their politicians want a deal the IRG says no. Two factions inside Iran.

Also trump has called it a win multiple times and it's not

38 minutes ago, Diehardfan said:

I posted two sources fact checking me to be right. Your psychosis has been noted

You didn’t though. You apparently don’t understand how insurance works, nor cause and effect.

WHY did insurance companies start cancelling policies for vessels who navigate the strait?

22 minutes ago, Mike030270 said:

DH has replaced KZ

False. KZ's posts actually had thought put behind them.

1 minute ago, paco said:

False. KZ's posts actually had thought put behind them.

I put him on ignore awhile ago so maybe he started to

3 minutes ago, Phillyterp85 said:

You didn’t though. You apparently don’t understand how insurance works, nor cause and effect.

WHY did insurance companies start cancelling policies for vessels who navigate the strait?

I covered that already and it's in the Google fact check above.

3 minutes ago, Diehardfan said:

I covered that already and it's in the Google fact check above.

You clearly didn’t if you think that insurance companies closed the strait….

17 minutes ago, Diehardfan said:

Same issue with the straight. Their politicians want a deal the IRG says no. Two factions inside Iran.

And one of them is actually in control of Iran, the other is not.

6 minutes ago, Phillyterp85 said:

You clearly didn’t if you think that insurance companies closed the strait….

🤣facts don't care what you think

3 minutes ago, Phillyterp85 said:

And one of them is actually in control of Iran, the other is not.

We agree on that

BREAKING NEWS - After recent base jumping and hiking accidents, insurance companies have hiked risk premiums and Grand Canyon tourism has slowed to a crawl.

Liehard - "INSURANCE TERRORISTS CLOSED THE GRAND CANYON TOO?!?!?!?!?!?!"

52 minutes ago, Diehardfan said:

I posted two sources fact checking me to be right. Your psychosis has been noted

Look it's pretty simple. Iran was threatening to attack ships trying to navigate the Strait. Vessels stopped trying to traverse the strait because the people leading those ships didn't want to die in a boat strike. In response to Iran's threats, insurance companies started cancelling policies because if they didn't cancel policies they would lose a boatload of money in paying out claims if a ship tried to navigate the strait and got blown up. Insurance companies cancelling policies was to protect their own financial interests. It's not what caused vessels to stop trying to navigate the strait. Vessels stopped trying to navigate the strait because they didn't want to get blown up. You think the captain of a ship gives a sh-t about whether or not the company that owns the boat will be covered if they get blown up? Like what, he'll be looking down from heaven going "Well I'm dead, but at least the corporation who owns the boat won't suffer a financial loss because of this!"

And even with insurance companies cancelling policies, boats that had coordinated with the IRGC to allow for safe passage through the strait (likely through paying a toll) continued to traverse the Strait.

Gee, it's almost as if the reasons for vessels not traversing the strait was the fear of being blown up in a boat attack.....

5 minutes ago, Diehardfan said:

🤣facts don't care what you think

Now look into a mirror and say this please.

1 minute ago, Phillyterp85 said:

Now look into a mirror and say this please.

Says the guy arguing with Google

2 minutes ago, Phillyterp85 said:

Look it's pretty simple. Iran was threatening to attack ships trying to navigate the Strait. Vessels stopped trying to traverse the strait because the people leading those ships didn't want to die in a boat strike. In response to Iran's threats, insurance companies started cancelling policies because if they didn't cancel policies they would lose a boatload of money in paying out claims if a ship tried to navigate the strait and got blown up. Insurance companies cancelling policies was to protect their own financial interests. It's not what caused vessels to stop trying to navigate the strait. Vessels stopped trying to navigate the strait because they didn't want to get blown up. You think the captain of a ship gives a sh-t about whether or not the company that owns the boat will be covered if they get blown up? Like what, he'll be looking down from heaven going "Well I'm dead, but at least the corporation who owns the boat won't suffer a financial loss because of this!"

And even with insurance companies cancelling policies, boats that had coordinated with the IRGC to allow for safe passage through the strait (likely through paying a toll) continued to traverse the Strait.

Gee, it's almost as if the reasons for vessels not traversing the strait was the fear of being blown up in a boat attack.....

Your timeline is off.