Lots More on the Seaborne Chaos Around the Strait of Hormuz
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 6 March 2026
⏱️ 37 minutes
🧾️ Download transcript
Summary
With war breaking out in Iran, the price of oil is surging, in part due to the destruction of oil energy infrastructure, but also the ability of anything to get through the Strait of Hormuz. But it’s not just oil that moves through this key waterway — there are plenty of other goods, including metals and ingredients for fertilizer getting potentially constrained. It’s also not just the risk of violence itself that’s an issue for shipping companies, there’s also the question of how cargoes get insured. On this episode of the podcast, we speak with return guests Anton Posner and Margo Brock, co-founders of the Mercury Group, which helps dry bunk clients solve issues related to logistics, transportation and insurance. They discuss what’s actually happening on the ground, surging insurance rates, and how shippers and carriers are dealing with the chaos.
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| 1:30.0 | There's a little bit of debate over Anton's own naval experience, but we can get into that. |
| 1:35.9 | Anton, you have some naval experience sort of. Are you teeing it up for Margo to make fun of me now? |
| 1:42.4 | Because I was just a reservist. So I fully embrace the |
| 1:45.9 | fact that I do not have grand military experience. Okay, I served. I was in reserves. I put on the |
| 1:52.0 | uniform. I wish you could still fit. But I heard you played a lot of tennis. I played tennis |
| 1:57.2 | and rode to Spain, you know, on a NATO exercise. I'll have you know, Tracy. |
| 2:01.0 | It was a NATO military exercise, and I don't think I was that. |
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