
Chris Williams
752 posts

Chris Williams
@Weems213
All views my own...









NEW: Ed Miliband has told Labour MPs he is committed to looking at decoupling electricity from gas prices, saying it is "complicated but possible". He is said to be looking at a report by Dale Vince, which warns govt's clean energy drive won't bring down bills while gas effectively sets the price of the wholesale market... news.sky.com/story/ed-milib…










The first of several American B-1 heavy bombers has landed at RAF Fairford today after Keir Starmer gave the US permission to use British bases for strikes on Iran





















#Turkey "was not a target" of a missile launched from Iran and that was destroyed by NATO air-defence systems, a Turkish official tells @AFP "We believe it aimed at a base in Greek Cyprus but veered off course," the official said wishing to remain anonymous.



This is a ballsy power play by Trump. Lloyd's of London was the gold standard for maritime insurance policies until just a day or two ago when they started cancelling policies or jacking them up 3-5X. Others insurers followed. That collapsed commercial shipping traffic through Hormuz, which choked oil shipments out of the Middle East. Trump doing this means the DFC has the chance to displace Lloyd's as the big dog in this game, when they have been the lock-in player for many years. It also frees up all the oil that was getting trapped there, heading off shortages and keeping the energy market alive. And why not? It's the American navy that sunk the Iranian ships that were harassing tankers. And the American Navy -- at least for now -- will keep those tankers safe. It's a huge reassurance to allies -- both oil producers and oil consumers -- that our campaign in Iran isn't going to sink their economies. And it allows America to be choosy about traffic in the Strait. It also potentially means billions of dollars in insurance premiums at wartime rates going to America instead of the UK. And those rates are STILL going to be cheaper than what shippers were getting.





