Subject: Re: The ratchet effect
As long as he keeps surrendering to Iran, they won't close the Strait, so the crude supply chain will be refilled in a month or so.

The last exchange of missiles took place over the weekend. Now, it seems, they've agreed (again) to negotiate.

The strait is, therefore, technically "open", though only a trickle of ships made it through today.

More to the point....... what will Lloyds of London say?

Also to the point- how long will it take to repair the extensive damage done to many oil production and transportation facilities in the Gulf States?