Schlichter alleges US allies are pressuring insurers to curb Gulf shipping

What was said

"I think there's, uh, u, uh, shipping insurance issues, uh, going on as well. Uh I I think some of our so-called allies are leaning on insurance companies not to insure ships. I think that's a under reportported pro problem."

Kurt Schlichter tells Batya Sargon he believes disruption in the Strait of Hormuz is being compounded by shipping insurance problems, and alleges unnamed “so-called allies” are leaning on insurers not to cover vessels. He frames this as an “underreported” factor in higher costs, separate from Iranian attacks on shipping.