The insurance companies, working with Iran and Ansar Allah, are helping to block Hormuz and the Red Sea. Couple of drones and a few threats, voila, insurance rates go thru the roof, removing profits for maritime companies. You can bet shipping company CEOs would gladly risk the lives of a few merchant marines, if they knew that their sinking container ship was fully insured.
The insurance companies, working with Iran and Ansar Allah, are helping to block Hormuz and the Red Sea. Couple of drones and a few threats, voila, insurance rates go thru the roof, removing profits for maritime companies. You can bet shipping company CEOs would gladly risk the lives of a few merchant marines, if they knew that their sinking container ship was fully insured.