📉📉📉Everyone keeps asking why ships are sitting idle outside the Strait of Hormuz.📉📉📉It’s not fear.It’s insurance.Right now, every major Protection and Indemnity Clubs is issuing notices requiring WAR RISK / Additional Protection (AP) to transit the area.Here’s the part most people miss:📉📉Shipping companies aren’t worried about being hit.They’re worried about being hit without coverage.📉📉No insurance = no shipping.📉📉Once owners secure the extra protection, vessels will move.If not, they’ll reroute and load elsewhere.Why this matters:Nearly 20% of global crude oil flows out of the Persian Gulf and through this single chokepoint.This isn’t a military standoff.It’s a risk management standoff.And insurance is the gatekeeper.What are the regions / countries most at risk if the strait of Hormuz remains blocked? - India (import 85% of its oil and the majority goes through to the strait)- China (massive oil importer)- Japan (same)- Saudi Arabia (its export go through the strait) - will they conduct military action to gain control of the strait? - Pakistan (although they refine diesel for Iran) - EU countries (Major oil importers)- UAE (exports go through the strait)