Are We Now Insuring the World’s Oil Ships?

LISTEN and SUBSCRIBE on:

Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608

Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i

WATCH and SUBSCRIBE on:

https://www.youtube.com/@WatchdogOnWallstreet/featured

The president says the U.S. will provide political risk insurance for ships in the Gulf — and may send the Navy to escort tankers through the Strait of Hormuz.
With private insurers like Lloyd's of London stepping back, are American taxpayers taking on the risk instead?
The Strait is just 35 km wide — putting U.S. sailors within range of Iranian missiles.
Who pays if something goes wrong? And is this a risk we should take?