Global Feed Post Login
Replying to Avatar Mike Dilger ☑️

One way to predict the future is to look at people with a lot of money on the line. The cost of war insurance for ships transitting the Red Sea is currently about 0.5%, but has recently doubled. I'd say the risk of imminent war (during a ship transit time) is still, on an absolute basis, quite low. https://www.lloydslist.com/LL1147660/Red-Sea-war-risk-rates-still-rising-after-doubling-in-past-week

Avatar
Leopold Bloom 2y ago

https://www.arabnews.com/node/2421851/amp

They’re also only targeting ships to Isreal in an attempt to force Isreal into a ceasefire in Gaza. So as long as the ‘West’ does not attempt to defend Israeli ships and truely escalate the situation, the risk of imminent war is low I agree.

Reply to this note

Please Login to reply.

Discussion

No replies yet.