addendum (13. 535)

Underwriter Lloyd’s of London intelligencer branch that tracks maritime shipping data reports that Tehran’s and Muscat’s newly created Persian Gulf Strait Authority are mandating that vessels transiting the Hormuz take out special coverage through government approved providers. This insurance requirement is regarded as a prelude to tolls, which is probably the least worst thing to come out of the stultifyingly bad grand deal of Trump’s— a nominal fee factored into the cost of doing business that would be passed along to the consumer but a tax we think anyone would happily pay in exchange that Trump and his minions don’t embark on more empire-building adventures with the tolerance, forethought and follow-through worse than a package tourist. Despite the ceasefire announced yesterday between Hezbollah and the IDF, strikes continue with dozens more dead in southern Beirut, pressuring Iran to take action and respond to what hardliners are calling a blatant violation of the MOU with Washington unable to reign in Israel, whose minister of national security declared that “all of Lebanon must burn.” Direct negotiations stalled with the US, Pakistani interior minister Mohsin Naqvi returns to Tehran for meetings with high level officials.