Robert Farley

@drfarls.bsky.social

Co-founder Lawyers, Guns and Money. Works at Patterson School of Diplomacy and International Commerce at the University of Kentucky

as noted yesterday, Trump has now come around to treating an Iranian toll system covering the Strait of Hormuz as a given. Hard to overstate the level of strategic failure. US started the war purely as a war of choice and ends up dramatically empowering Iran and given the Iranian govt big wins.

Bill Grueskin@bgrueskin.bsky.social · 4h ago

Reuters: Iran wants fees of 5%-7% of the price of cargo from ships using the strait; Oman wants 3%. "Making fees voluntary, at least nominally, could be a way out of the impasse, although an implied threat of Iranian attacks could mean shippers would be ​unlikely to risk transit without paying."

On this day in 1790, Congress authorized the first 10 revenue cutters—the beginning of today's U.S. Coast Guard. Discover how Alexander Hamilton's vision helped build America's oldest continuous sea service. https://ow.ly/UHtE50Zvem8 #USCGBirthday #USCG

To Raise Revenue and Unify the Country

The Revenue Cutter Service, the original incarnation of the U.S. Coast Guard, was conceived and created by Treasury Secretary Alexander Hamilton—but not without political pushback.

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