Are We Now Insuring the World’s Oil Ships?

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  The president says the U.S. will provide political risk insurance for ships in the Gulf — and may send the Navy to escort tankers through the Strait of Hormuz.With private insurers like Lloyd's of London stepping back, are American taxpayers taking on the risk instead?The Strait is just 35 km wide — putting U.S. sailors within range of Iranian missiles.Who pays if something goes wrong? And is this a risk we should take?