Wars and rumors of war.

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Is the World Heading for an Energy Lockdown in 2026? Oil Prices, Blackouts, and What's Really Coming​

The International Energy Agency has described the situation as the largest oil supply disruption on record

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Everyone thinks the Straight of Hormuz is shut down temporarily and that is the issue. Suppose they open that Straight only to discover the damage is so extensive that most exports are shut down anyway.
 
Everyone thinks the Straight of Hormuz is shut down temporarily and that is the issue. Suppose they open that Straight only to discover the damage is so extensive that most exports are shut down anyway.

Not sure how they could shut down a 20 mile straight, without the use of force. It's just the threat of missiles and drones, why ships are hesitant of sailing through. Not unless Iran put mines every where.

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Not sure how they could shut down a 20 mile straight, without the use of force. It's just the threat of missiles and drones, why ships are hesitant of sailing through. Not unless Iran put mines every where.

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If you were an insurance company you would demand a new contract. Perhaps the odds are 50/50 so you want them to pay 60% of the value of their ship and oil to be insured. Without insurance no one is going to chance it.
 
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If you were an insurance company you would demand a new contract. Perhaps the odds are 50/50 so you want them to pay 60% of the value of their ship and oil to be insured. Without insurance no one is going to chance it.

Insurance companies don't want nothing to do with that, to high risk. Insurance companies are normally over committed, and usually the governments have to bail insurance companies after a huge disaster.
 
Insurance companies don't want nothing to do with that, to high risk. Insurance companies are normally over committed, and usually the governments have to bail insurance companies after a huge disaster.

Cancelled shipping insurance leaves Strait of Hormuz blocked

Oil and gas shipments through the Strait of Hormuz have stopped. Risk from war is compounded by terminated insurance coverage for shipping through the Persian Gulf.

by Nicholas Cunningham 04.03.2026
Shipping traffic through the Strait of Hormuz remains almost entirely blocked, plunging oil and gas markets into chaos.

U.S. and Israeli bombing campaigns continue against Iran, and the Iranian Revolutionary Guard Corps (IRGC) stated on Monday that it would fire upon any ship travelling through the Strait.

Not only do ships face physical risks of war, but the cancellation of maritime insurance for tankers passing through the Strait of Hormuz has made it all but impossible for shipping companies to move cargo through the region.

On Monday, global shipping giant Maersk said it would suspend shipments to and from countries located in the Persian Gulf, and that it would hike rates for cargo moving to and from the Middle East.

“Freight levels for these shipments will be updated to reflect the increased operational costs arising from the closure of Strait of Hormuz,” Maersk said.

MSC, another shipping conglomerate, said it would unload all cargo destined for the Middle East at the nearest port, and would pass on costs to shipping customers.

A small trickle of ships are passing through with their transponders switched off, but shipping traffic is down more than 80 percent. Only one crude tanker has passed through and no LNG ships, according to Lloyd’s List.

A backlog of more than 150 tankers is idling outside the Strait of Hormuz, along with a smaller number of ships trapped inside the Gulf.

Crude oil and LNG prices are skyrocketing, forcing up gas prices at key trading hubs in Europe and Asia.

Tanker rates for very large crude carriers (VLCCs) travelling from the Middle East to China shot up more than 90 percent to $432,000 per day, according to CNBC. Shipping companies are imposing risk surcharges on cargoes, from $1,500 per container.

Coverage for war risk will expire at midnight on March 5th, which will require shipowners to renegotiate insurance rates at sky-high levels, Lloyd’s said.

The impacts could reverberate around the world, even for maritime trade outside of the Persian Gulf. On the Red Sea, tanker rates more than doubled.

LNG tanker rates in the Atlantic Basin have soared to $200,000 per day, about three times higher than levels seen as recently as Monday, according to Bloomberg.

The CEO of DUCAT Maritime, a Cyprus-based logistics firm, told CNBC that the company was trying to ship rice around the Cape of Good Hope to West Africa, but lost out on the ship because someone paid a 50 percent premium for the vessel to move coal in Southeast Asia.

“So, the consequences are far and wide, and this is potentially a double whammy. If we’re looking at the Hormuz closing and the Suez effectively being tampered with by the Houthis, this could be quite significant — much like what we saw during the Covid era and the attacks that were happening there,” Adrian Beciri, CEO of DUCAT Maritime, told CNBC.


I would point out that if you go past the Straight of Hormuz there are two trips, one where the ship is empty and the other where it is full. So costing them $5 million simply to take an empty tanker into there is a huge expense.

On the other hand if the ship is full you don't simply lose the ship and the oil, you also have an ecologic disaster.
 
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Trump calls Strait of Hormuz the ‘Strait of Trump’​


"President Donald Trump on Friday winkingly referred to the Strait of Hormuz, the vital oil-shipping route and a key choke point in the Iran war, as the “Strait of Trump.”

Iran has to “open up the Strait of Trump — I mean, Hormuz,” the president said in a speech at the Future Investment Initiative in Miami, garnering laughs from the crowd.

“Excuse me. I’m so sorry. Such a terrible mistake,” he said, feigning apologetics before clarifying, “The fake news will say, ‘He accidentally said’ — No, there’s no accidents with me, not too many. If there were, we’d have a major story.”"

 

US-Israel bombs Iranian official brokering deal with JD Vance in 'attempt to derail Trump's peace talks'​


"JD Vance’s peace talks with Iran may have been blown up after a key figure helping plan the summit was wounded in US-Israeli airstrikes on Wednesday.

Kamal Kharazi, Iran’s former foreign minister, was injured when a residential building in Tehran was struck, according to the New York Times.

Kharazi, 81, is seen as a moderate and widely respected foreign policy figure within the regime."


 
With rumors of using nukes during the current conflicts, here are some videos explaining the different types.


 

Eligible men will soon be automatically registered for military draft​


"Eligible men will be automatically registered into the U.S. military draft pool by December in an effort to streamline the existing self-registration process, according to the agency that oversees the system.

On March 30, the Selective Service System – the federal agency which oversees the database of men eligible for service in the event of a military draft – submitted a proposed rule for automatic registration to the Office of Information and Regulatory Affairs, according to its website."

 

Hormuz Blockade: Europe Mobilizing Against the U.S., Not the Iran Regime​

Why would Europe be concerned about the US controlling Hormuz and Venezuela after they helped Ukraine blow up Russia's oil exporting infrastructure? It is one stop shopping when you want to get oil.
 
Why would Europe be concerned about the US controlling Hormuz and Venezuela after they helped Ukraine blow up Russia's oil exporting infrastructure? It is one stop shopping when you want to get oil.
I was wondering the same thing myself.
 

Defense officials ask GM, Ford for military manufacturing bump​


Washington — The Pentagon wants Michigan automakers to play a bigger role in U.S. defense manufacturing, according to two sources familiar with discussions.

Ford Motor Co. CEO Jim Farley and General Motors Co. CEO Mary Barra have been involved in discussions with top Defense Department officials about the automakers getting more involved in the production of weapons or other military equipment, the Wall Street Journal initially reported.

 

Ukrainian women to be conscripted as the country faces Russian forces​


"With over 100,000 Russian troops on the country’s border, Ukraine’s Ministry of Defence has updated regulations to expand its national reserves by requiring more women to register with the Armed Forces. Now, women working in a wide range of professions, including librarians, journalists, musicians and psychologists, will be required to register for potential combat service."