Maritime historian Sal Mercogliano runs the numbers: a state-owned fleet losing 5% of its tankers per trip is wiped out in about 20 voyages, and private owners now charge $1.4 MILLION a day to make the run.
“We’re seeing the ground war that the US fought in Iraq and Afghanistan being waged now on the sea in the Strait of Hormuz through this kind of asymmetric warfare.”
Every tanker lost makes the next voyage pricier, and that bill hits American gas pumps long before the fleet runs dry.
@mercoglianos @philippilk
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Mario Nawfal (@MarioNawfal)🇺🇸 🇮🇷 The official numbers on Hormuz aren’t lining up with what’s actually happening on the water
Economist Philip Pilkington says when official figures and the hard reality of tankers and oil stockpiles point different ways, he trusts what he can verify, and maritime historian Sal Mercogliano’s independent tracking puts that to the test:
“If I can’t rely on data, what do I rely on? I rely on what I actually know.”
If the official count is right, stockpiles will show it soon… and if they don’t, markets will notice before anyone admits it.
@mercoglianos @philippilk
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— https://x.com/MarioNawfal/status/2109854253032370607
