In a single stroke of economic and military genius, the Trump administration appears to have neutralized one of the United Kingdom's most ancient and powerful geopolitical tools, potentially "crushing" a key ally's economy to secure American energy supremacy.
- The crisis began when Lloyd’s of London—the world's only insurance market large enough to back the staggering value of the global oil fleet—abruptly announced it would no longer insure any vessel transiting the Strait of Hormuz.
- This move, according to Armes, would have effectively grounded the 20 to 30 percent of the world’s oil that flows through that 21-mile chokepoint...
This is the Strait of Hormuz. 
You've been hearing about it on the news.
About 20 to 30 percent of all oil in the world goes through this strait.
- Here is what you don't know.
- In order to go through this strait, ships have to have insurance...
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