How much do you think wars in major oil regions should influence global economic policies and energy planning?

My Take: With rising tensions between the United States, Israel, and Iran, many people are worried about the global economy.

If conflict affects key oil routes like the Strait of Hormuz, it could push fuel prices higher and impact economies worldwide.

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TexChik · F

The US is providing Insurance coverage for all oil company assets that use the Strait of Hormuz since Lloyds of London (no surprise) wimped out. All of those assets will be escorted by US warships and air assets. Oil prices have gone up predictably but will settle. Iran is done.

SunshineGirl · 36-40, F

@TexChik Lloyd's of London is not an insurance company, it is an international marketplace for private insurers and investors to underwrite risk. The appetite for insuring maritime risk in the Gulf right now is understandably low. If the USA wishes to underwrite risk with taxpayers' dollars, that is their business.

TexChik · F

@SunshineGirl Like everything else the Brits do on the world stage now, they have to ask the Muslims first. Starmer has lost the UK an ally.

With the US Navy providing an escort through the Strait... the risk is at its lowest point.