What role did Marine insurers play in halting Hormuz traffic?
Traffic through the Strait of Hormuz declined by 80% within 24 hours of strikes being launched
on Iran as ship owners and charters weighed whether to proceed with voyages.
The insurance companies are saying, we ain't insuring that because we'd have to pay out.
They don't get where they are paying out a bunch of payments to folks.
But this past week, I guess this is what passes for a slow news week.
We're actually able to take a moment and kind of assess what has been going on at a pretty quick rate.