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$BTC $ETH $GT 200 Billion USD "Sky-High Insurance Policy"! The US wants to insure the Strait of Hormuz, but are shipowners willing to gamble? Can $20 billion buy safety? The US's exorbitant insurance policy is just a "ticket" to a maritime gamble.
Friends, the world has really gone crazy! While you’re trembling over a few dollars’ fluctuation in oil prices, the Trump administration across the ocean has directly issued a $20 billion (about 140 billion RMB) "sky-high insurance policy"!
What’s really going on?
Simply put, the Strait of Hormuz, this "world’s oil valve," is now filled with tension. Tankers are risking their lives, war risk insurance premiums are skyrocketing, and shipowners are determined not to leave. As a result, oil prices have shot up like a rocket, jumping from over $60 to $90 in a week, with some places even breaking the $100 mark! Qatar has openly warned: if the fighting continues, we will "cut supplies within days," and $150 oil isn’t a dream!
At this critical moment, the Trump administration has stepped in. On March 6, the US announced a $20 billion "Maritime Reinsurance Plan." The idea is: don’t worry, shipowners, if insurance companies refuse to cover, I will! Your ships, your cargo, if destroyed, I will pay!
Sounds tough, right? Very "America First"?
But we need to peel back the glamorous exterior of this $20 billion and see what’s really inside:
First, this insurance covers "money," not "lives."
Are shipowners only afraid that their ships will sink without compensation? No! What they fear is that, when crossing that "missile corridor," crew members will be captured, ships seized, and business completely disrupted. Can this $20 billion from the DFC (U.S. International Development Finance Corporation) guarantee that Houthi missiles won’t go astray? Can it ensure that the Iranian Revolutionary Guard’s speedboats won’t board ships? Frankly, this is just a "posthumous" compensation, not a talisman for safety.
Second, even the US military is overextended.
The US Energy Secretary said the Navy will escort ships, which sounds encouraging. But in reality, the US Navy in the Middle East has to defend against missiles and protect its aircraft carriers—there’s little energy left to act as "bodyguards" for every oil tanker.
So, what will be the true outcome of this "sky-high insurance policy"?
Global inflation, countries printing money and flooding the markets,
Stock markets, gold, risk assets, cryptocurrencies, Bitcoin all rising!