Will Cunliffe
Research Analyst, The Officials
Extortion time!
Tolls and commissions, shouting and raging, all while Dated keeps dumping to record lows...
Tolls and commissions, shouting and raging, all while Dated keeps dumping to record lows...
20% or $2 million? Take your pick… Trump is demanding 20% of cargo value in commission to act as a greedy “GUARDIAN” angel of Hormuz to get your ships out, while Iran’s demands for safe passage leave shippers stuck between a rock and a hard place. Pick your poison! This would raise billions and billions for the US, a cash-starved economy suffering from a war of choice – at least if any ships go through… Traffic has all but stopped already. Tolls and commission will only accelerate Gulf projects to bypass the Strait, as the UAE’s plans for another port outside the Gulf along with its pipeline expansion, but these all take time. 2% or 20%, else I bomb you! These are the choices the poor user faces. They are caught between a rock and a hard place, the US and Iran.
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