THE IMPERIAL ORDER IS FINISHED = THE US IS STEPPING IN
There was a very interesting article in European Business Magazine last Friday. This extensive quote explains what's been happening:
For over 300 years, Lloyd’s of London has underwritten maritime insurance for the tankers and cargo ships that carry the world’s oil, gas, and goods.
Its dominance over the Strait of Hormuz — the narrow chokepoint through which approximately 30% of the world’s seaborne oil supply passes — represented one of the most quietly powerful financial monopolies in history.
Control the insurance, and you control who can sail. Control who can sail, and you control the flow of energy that powers the global economy.
Then Iran’s attacks on Gulf shipping spiked maritime insurance rates by 400% overnight. Lloyd’s panicked. Coverage was pulled.
The energy market consequences of the Iran conflict had just produced an entirely unexpected second-order effect — and into the vacuum stepped America.
The 48-Hour Shift
Within 48 hours of Lloyd’s withdrawal, two things happened simultaneously.
The US Navy, operating through US Naval Forces Central Command, expanded its escort operations across the Gulf — effectively offering the physical protection that insurance underwrites.
And American insurers began moving to replace Lloyd’s coverage entirely, stepping into a market that British financial infrastructure had monopolised since the reign of William III.
The Crown’s 300-year chokehold on global energy insurance was severed — not by war, not by sanctions, but by filling a vacuum created by an institution that blinked at the wrong moment.


This is the fortress town of Shatili in an extremely remote Caucasus region in Georgia called Khevsureti. It was built by the Crusaders 1,000 years ago. The Khevsur people who live here trace their ancestry back to these Crusaders and until the 1930s still wore chain mail in feud-battles with other towns. I took this picture in 1991.

In the Mediterranean, experienced travelers know the French Riviera from St. Tropez to Menton, and the Italian Riviera from Ventimiglia to Cinque Terre. There is one Riviera in the Med they may not know – Albania’s. The Med has many beautiful coastlines, and just about all of them have been “discovered” by jet-setters to backpackers. Not yet, however, for Albania from Saranda in the south across from Greece’s Corfu to Vlora across from the tip of Italy’s Boot Heel.




