2 minutes ago, Alpha_TATEr said:

are we sure the insurance companies didn't tell him to?

Ah yes the AF Post. There is so much misinformation out there. Thanks for sharing, guess we’ll all have to figure it out. Let Armageddon begin, sorry Jews or buy real estate on the Gaza coast. Grok is this true ? 🙈🙉🙊

for those who double-down on stupid either as an attempt to troll or to relieve cognitive dissonance...

10 minutes ago, JohnSnowsHair said:

for those who double-down on stupid either as an attempt to troll or to relieve cognitive dissonance...

I have 3 others that counter that. So sorry.

Short answer: insurance companies effectively shut shipping first — before Iran fully enforced or sustained a physical closure.

Here’s the clear timeline based on what actually happened:

1) Feb 28–March 2, 2026 — War starts & Iran threatens closure

• After U.S.–Israel strikes, Iran announces / warns ships not to pass the Strait.

• This is more of a declaration and threat phase, not yet a complete, enforced shutdown.

2) March 2–5 — Insurance collapses (this is the key turning point)

• Major maritime insurers cancel war-risk coverage starting March 2, effective within ~72 hours.

• By March 5:

  • Tanker traffic had already collapsed 70–95%

  • Ships stopped moving mainly because they were uninsured, not because Iran physically blocked the route

👉 This is why people say "insurance closed the strait.”

3) Early–mid March — Strait becomes "commercially closed”

• Shipping companies suspend operations

• Hundreds of vessels anchor or reroute

• The Strait is effectively shut even without a full military blockade

4) After that — Iran enforces / escalates control

• Iran continues threats, selective blockades, and later tighter control

• In later phases (like April), Iran actively restricts or closes it again during escalations

---

Bottom line

• First: Insurance companies pull coverage → ships stop moving

• Then: Iran’s actions reinforce and formalize the shutdown

So the real sequence is:

Insurance shutdown → shipping collapse → then Iran’s closure becomes real/enforced

Here is Grok

Yes, in the 2026 Strait of Hormuz crisis, major insurance companies (particularly marine insurers and P&I clubs like Gard, Skuld, NorthStandard, the London P&I Club, and others in the Lloyd’s market) effectively made the strait commercially unviable — and thus "closed" for most shipping — before Iran's Islamic Revolutionary Guard Corps (IRGC) issued its formal declaration of closure.

Timeline and Key Events

• February 28, 2026: U.S. and Israeli strikes on Iran began (Operation Epic Fury). Within hours to 48 hours, war-risk insurance premiums for transits through the Strait of Hormuz surged sharply (from around 0.125–0.25% of hull value to several times higher, eventually reaching 4–6x or more). Insurers began repricing and issuing cancellation notices for existing war-risk coverage.

  ndtv.com

• March 1, 2026: Several major P&I clubs issued 72-hour notices canceling or repricing war-risk cover for the Gulf and Strait area, effective March 5. The Lloyd’s Joint War Committee also expanded the "high-risk" designation to the entire Persian Gulf.

  aljazeera.com

• Early March (by March 2–3): Shipping traffic through the strait collapsed by ~80% (and in some reports dropped to near zero tankers). This happened due to the insurance pullback and skyrocketing costs, which made voyages economically unfeasible for shipowners — even before full physical threats materialized. Crews also gained rights to refuse transit due to the high-risk designation.

  windward.ai

Why Insurance Had This EffectMarine insurers (especially Protection & Indemnity clubs covering ~90% of global tonnage) can cancel or massively reprice "war risk" coverage with short notice (often 72 hours) when conflict escalates. Without affordable insurance:

• Shipowners face huge financial exposure (a very large crude carrier could see added costs of hundreds of thousands to millions per transit).

• Crews can refuse to sail.

• Lenders/charterers won't proceed.

The strait remained technically open in a legal/geographic sense but was effectively closed for commercial traffic due to this "insurance weapon." Some analysts explicitly stated: "The underwriters closed the strait before the admirals" or "Insurance closed the Strait of Hormuz before Iran's navy did."

pressreader.com

notoriously liberal Washington Examiner reported IRGC ‘effectively closed’ key shipping lane Strait of Hormuz, choking oil routes on February 28th, the same day the conflict began.

as did S&P Global, stating Iran claims Hormuz closure as oil tanker traffic drops sharply on February 28th.

Insurance Business Magazine is the first to report on impacts: Carriers start issuing cancelation notices over Gulf conflict on March 1st.

Marine Insight follows up a day later, reporting Insurers Cancel War Risk Cover, Raise Premiums After Israel Strikes Iran, Disrupting Vital Oil Chokepoint on March 2nd.

You're still stupid.

Go ahead and find a source reporting on insurance cancellations ahead of IRGC & Iran's closure of the Strait following US & Israeli bombings. Ask Grok for citations. You know, actual evidence of fact.

Scanning this thread is making my head hurt...

So if I was a boat captain hauling barrels of oil. Suddenly the radio shrieks "If you continue to move through the Strait, we are going to fire at you and blow you up!". I will proceed until the insurance company tells me I can stop. Got it.

It seems like this all could have been prevented if the insurance companies did not declare war on Iran.

6 minutes ago, toolg said:

So if I was a boat captain hauling barrels of oil. Suddenly the radio shrieks "If you continue to move through the Strait, we are going to fire at you and blow you up!". I will proceed until the insurance company tells me I can stop. Got it.

Exactly. Because at least when you and your fellow staff die in a fireball, you can at least smile down from heaven knowing that the shipping company will get reimbursed because they still had insurance coverage.

16 minutes ago, JohnSnowsHair said:

notoriously liberal Washington Examiner reported IRGC ‘effectively closed’ key shipping lane Strait of Hormuz, choking oil routes on February 28th, the same day the conflict began.

as did S&P Global, stating Iran claims Hormuz closure as oil tanker traffic drops sharply on February 28th.

Insurance Business Magazine is the first to report on impacts: Carriers start issuing cancelation notices over Gulf conflict on March 1st.

Marine Insight follows up a day later, reporting Insurers Cancel War Risk Cover, Raise Premiums After Israel Strikes Iran, Disrupting Vital Oil Chokepoint on March 2nd.

You're still stupid.

Go ahead and find a source reporting on insurance cancellations ahead of IRGC & Iran's closure of the Strait following US & Israeli bombings. Ask Grok for citations. You know, actual evidence of fact.

I just listed two and Google earlier. Too bad for you. You're still projecting. But keep ignoring facts.

Back to Iran being better in every way and America worse

28 minutes ago, vikas83 said:

Scanning this thread is making my head hurt...

it's stupid. but I'm having a day, felt like punching down.

aflac closed that motherf'ng "straight" !!!!!

36 minutes ago, vikas83 said:

Scanning this thread is making my head hurt...

Yeah, it's reached absurd levels of stupidity.

5 minutes ago, Alpha_TATEr said:

aflac closed that motherf'ng "straight" !!!!!

Sure did and PF remembers even if the gang of **** in here stick together on being wrong. I mean Gan drops the Iran is better in ever metric and you all nod and keep moving

15 minutes ago, JohnSnowsHair said:

it's stupid. but I'm having a day, felt like punching down.

Snow trying to punch down

16 minutes ago, Alpha_TATEr said:

aflac closed that motherf'ng "straight" !!!!!

don't F wit us !!

Keep the memes coming they are right. Wait, that's why Iran is better in every metric. They have State Farm!!!

2 hours ago, barho said:

Got it. So if insurers insured the ships the companies would still transit and be fine with people being killed. You're even dumber then I thought you were.

Yes exactly. commercial ship captains are happy to sacrifice their life and the life of their crew so long as the company that owns the ship has insurance to cover any losses.

1 hour ago, toolg said:

Yeah but that's not true either. Trump is in Iran because he was desperate for a political victory and Bibi has delivered some of the few he's had over 2 disastrous presidencies. Back when they bombed the sites last year everybody here was both grudgingly willing to give Trump some flowers but also worried at how easily he had been dogwalked into it by Bibi. Turns out we were right on both counts. The flowers wilted fast because the nuclear program was not decimated at all and Bibi was playing Trump like a pool shark, letting him win a couple to nail him on the big bet.

22 minutes ago, Alpha_TATEr said:

don't F wit us !!

oh c'mon, the aflac duck is the definition of chaotic nuetral. the general is clearly the Lawful evil.