You see Venezuela and Iran and you just want to say Trump is starting a war. Trump is abusing his power.
NO! Trump is a businessman and this is what it's all about!!
Before you start SCREAMING FOX NEWS reported this so it's MAGA propaganda and lies:
This has been fact checked as true. All you need to do is go to any marine traffic websites and see for yourselves.
https://energynewsbeat.co/crude-oil/...lf-of-america/
Now with the strait of Hormuz closed and tankers can't get in and load up on oil and natural gas, don't be naive and think the United States and European countries are the only ones who get oil and natural gas from that region.
Also China and Russia get their oil and natural gas from that region.
Without it, Russia and China will come to a halt. Unless they start buying from the USA!
You see the strategy now? How smart President Trump is?
All these 121 tankers headed to the USA be filling up with American oil and liquefied natural gas.
That's just the first 121 tankers on many more to come to the USA !!
That means money into our economy. Job creations for more workers to work the oil and gas fields.
Companies that manufacture equipment required for oil and gas fields also will see increase businesses and money into their economy.
Everyone will benefits. Those oil and natural gas workers need places to sleep, food in their bellies. That means motels, restaurants, grocery stores, gas stations will see increased income.
For example, Wyoming is one of the states that depends largely on natural gas fields drilling.
They will make more money now.
No insurance = tankers from China and Russia will not run. Like a car having no insurance and you don't want to risk driving it.
This is also true. Don't believe me? Google it yourself!!
Quote:
London-based marine insurers are canceling or restricting war risk cover for oil tankers passing through the Persian Gulf/Strait of Hormuz due to intense conflict risks in early 2026. This affects global shipping, with insurance companies such as Gard, Skuld, NorthStandard, and the London P&I Club implementing these changes.
Risk Context: The move comes as several oil tankers were hit or damaged, with significant danger to vessels in the Middle East.
Impact on China/Asia: The cancellations affect, in part, the significant volume of oil transport to China, as Asian shipowners are exposed to these Western insurance policy changes.
Market Reaction: Insurance rates for the region are expected to rise by 50% to 100% or more, with insurers reviewing risks rather than halting all coverage entirely.
Alternatives: While some coverage is being restricted, some firms are investigating "buy-back" options to reinstate cover, and the U.S. has proposed a $20 billion plan for government-backed insurance, which faces scrutiny.
Reinsurance Shifts: Reports indicate that maritime insurance is shifting from London to other markets as political risk affects conventional coverage.
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