Partners Iran and Lloyds of London fail to destroy the world’s economy

Written By Harry the Greek

https://youtu.be/UaVvQyqAcQ0

Lloyds of London insurers have been oil partners with the Crown, the King of England, and Iran since 1908.

According to:

https://www.bp.com/en/global/corporate/who-we-are/our-history.html

This week, the Crown failed to destroy the world's economy by sabotaging its oil supply from Iran.

How?

By failing to ensure “War-related perils for shipping” through Lloyd’s of London insurers.

Lloyd’s insures 90% of global tonnage.

They are canceling or repricing premiums at 12-fold increases.

Today, according to Scor, a global reinsurance group, claims arising out of the Persian Gulf conflict are “negligible.”

https://www.scor.com/en

Neil Roberts heads Lloyd’s Joint War Committee

https://lmalloyds.com/committee/joint-war-committee/

Congress found another way to ensure Iran’s oil cargo from the port to its destination.

Provide insurance backed by the U.S. government and its naval fleet.

It is provided by the DFC, the U.S. Development Finance Corporation.

https://www.lloydslist.com/LL1156491/Shipowners-weigh-up-risk-of-dark-Hormuz-transits

Law S.1071 passed on Dec. 18th.

It provides the Trump Administration with pre-approved financial authority to respond immediately to this week’s suspension of coverage by Lloyd’s of London and other private insurers.

The Development Finance Corporation passed on Oct. 5th, 2018, as part of Public Law 115-254.

Both laws are imaged and linked below.

Harry the Greek https://brassballs.blog/
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Peter Ticktin represents Stefanie Lambert