In this episode, we dive into the Strait of Hormuz, a critical shipping lane that's been at the center of recent tensions. Michael explores the idea that the US might not be in a hurry to reopen the strait, and why that's a strategic move. We discuss the insurance industry's role in the crisis, the US government's maritime reinsurance facility, and the implications for global energy markets. With the price of oil spiking, we examine the potential consequences for the US and its allies, and how this situation could play out in the lead-up to the midterms.