Lots More on the Seaborne Chaos Around the Strait of Hormuz
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What is the main topic discussed in this episode?
A new chapter in global growth is being written, and much of it is happening in Africa.
Африкансь нету інвестирадилський дан and business to be one.
I'm Jennifer Zabasaja. Every week on the Next Africa podcast, we track capital flows and political shifts shaping the continent's future. The digitalization of Africa is gonna power its growth. Bretting the world of something like HIV is possible. Population growth is so enormous in Africa. Listen to Next Africa on Apple, Spotify, or wherever you get your podcasts.
There's a little bit of debate over Anton's own naval experience, but we can get into that. But Anton, you have some naval experience sort of
are you're teeing it up for Margot to make fun of me now because I was just a reservist. So I fully embrace the fact that I do not have grand military experience. Okay, I served, I was in the reserves, I put on the uniform, I wish it could still fit, but uh I heard you played
a lot of tennis.
I played tennis at Road of Spain, you know, to d on a NATO exercise. I'll have you know, Tracy. It was a that was a NATO military exercise and I don't think I was
your exercise was for your exercise design. Yeah, by the way, I'd like
to say that Jerez de la Frontera was fantastic for wine and sherry, so you know.
Joe, I want a t-shirt that says ruthless utility maximizer. Black gold! Let's talk about losers. Who cares? I've decided I'm gonna base my entire personality going forward on campaigning for a strategic pork reserve in the US.
Skulls Unlimited.
Ooh, what's the ticker for that? No,
I think that like in a couple of years the AI will do a really good job of making the Outlaws podcast.
How do I get more popular and successful?
One day that person will have the mandate of heaven. We do have the perfect gas.
You're listening to Lots More, where we catch up with friends about what's going on right now.
Because even when the odd lots is over, there's always lots more.
And we really do have the perfect guest. I feel a little bit stupid. Go on. But on Monday, obviously the war Well, you're just just
now for the first time. No, I'm just kidding.
Thanks, Joe. Thank you. Obviously the war with Iran happened on the weekend and is still happening. And on Monday I woke up and I was thinking about energy markets and you know, geopolitics in the Middle East. And I was trying to think of someone who would be really good to talk about I know shipping. And I'm embarrassed to say it took me a full twenty four hours to remember that we actually have marine chaos experts basically on speed dial at the moment.
Well, it's perfect because we are experiencing marine chaos, obviously. We're recording this March fourth. Yesterday Trump posted on Truth Social talking about the US actually playing a role as sort of an insurer of last resort. Because one of the things that we've been seeing is like setting aside the sort of logistical ability to get goods out of the region, get whatever out of the region. There's obviously the question of can you get insurance? insurance and we know that, you know, prices are soaring, et cetera. We know that. You know, insurance costs getting too high could end trade flows regardless of the actual logistics on the ground and sort.
Well, not just insurance premiums getting too high, but insurance being pulled all together. Ins
getting pulled all together. That's right. So they you know, they are their own entity that's sort of like separate from national, you know, there's nations and then there's insurers and they have quite a bit of say over what moves and when and where.
Well, all of this just confirms my long running suspicion, as you know, that insurers actually control the world in a a very underappreciated way. We should talk to we need to insert like a sound effect here. Speed dial, our marine chaos experts. They are, of course, Margot Brock and Anton Posner. They're the founders of Mercury Group, which specializes in dry cargo and global freight logistics. So really the perfect people to talk to about this moment.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–9:50
2
What triggered the recent surge in oil prices and how does the Strait of Hormuz factor in?
9:50–17:09
3
Who are the marine‑chaos experts and what is the Mercury Group’s role in logistics?
17:09–18:59
4
What is actually happening on the ground in the Strait of Hormuz right now?
18:59–23:31
5
How are war‑risk insurance policies changing and why are premiums soaring?
23:31–27:11
6
Beyond oil, which commodities (metals, fertilizers, grains) are being impacted?
27:11–31:24
7
Are shippers still using the Hormuz route or diverting to longer alternatives?
31:24–33:27
Speakers
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