Sal is likely to stay on the Straits and the Gulf for awhile.
Reviews the confirmed attacks on shipping so far.
Some ships are running the Straits with AIS off, some with AIS on.
USCENTCOM tells commercial shipping running the gauntlet "You are on your own".
Navigation systems are experiencing Iranian jamming.
Houthis announce "solidarity" with Iran. Which is impacting the Bab and the Suez traffic as well. But so far "solidarity" ain't what it used to be.
Brief explanation of P&I insurance clubs. War risk insurance went from 0.2 to 1 percent.
Sal forwards Scrooge McDuck theory of the insurance companies using this to rake it in.
Sal calls out a few panicky reports of transit schedule disruption and rate BS. Much clutching of pearls and fanning of themselves in shipping company execs.
So many tankers have gone "dark fleet" that global VLCC rates on legit tankers have skyrocketed.
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Not Sal, me: Chinese shipping companies could self insure and accept the risk.
Bonus prize, is that the Magnum PI shirt?