Iran's Parliament Votes to Close Strait of Hormuz After US Attacks
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Could make buyers look for other sources if they only block US oil.
Who, out of the countries that use the gulf of Hormuz, would be buying US oil?
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Why can't it be refined here?
Something about heavy and light crude oil, and some head scratching decisions that involve shipping things around the world
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Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world's most critical oil transit chokepoints, according to media reports.
Any final decision on retaliation, however, will rest with the country's Supreme National Security Council and le
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Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.
You’re move “tactician” Trump.
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Billionaires don't want to stick their greasy fingers in culture though.
If that were true, Disney and a number of other large companies would not exist.
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even if you have an electric vehicle, the stuff you rely on probably uses oil and gas for production, transportation, whatever.
wrote on last edited by [email protected]In the US, specifically, higher oil prices feed into higher prices for the fertilizer used in raising corn, which in turn feeds into higher corn prices, which then feeds into almost all food because in the US corn is used directly or indirectly in food to truly insane levels (for example, cattle is fed corn even though it's not natural and causes health problems hence the overused of antibiotics for cattle in the US and sugar is mainly chemically processed corn).
In other countries it's a bit easier to isolate oneself from the indirect effects of oil price rises if you don't drive ICE vehicles and eat locally grown food because this pathway from "oil" to "almost all food" is either not present or far weaker.
Mind you, I agreed that you can never isolate yourself totally from it unless you're some kind of hermit living in your own cave disconnected from everything else and growing your own food using 100% natural agriculture.
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I'm betting it's not happening. The collective wrath of a dozen militaries would drop on their head.
wrote on last edited by [email protected]The reaction of the rest of Europe to Trump's attack would lead Iran to expect that the usual suspects in Europe would attack Iran either way, same as they did back when America invaded "WMD" Iraq.
Certainly were I am (Portugal, which by the way also sent troops to Iraq) there are already people from America and Israel-aligned far-right think-tanks being invited to news segments on public TV about the American attack, where they're complimenting Trump on his action, calling it a "massive victory to Netanyahu" and scaremongering against Iran with exactly the same kind of "arguments" as were used for Iraq (Iran has WMDs, Iran is developing missiles which can reach European cities and so on), so the Manufacturing Consensus machinery is already running.
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Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world's most critical oil transit chokepoints, according to media reports.
Any final decision on retaliation, however, will rest with the country's Supreme National Security Council and le
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Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.
Man would I love a montage of hidden camera footage of cousin-fucking Trump supporter's faces as they look at the skyrocketing gas prices when they go to the pump.
Get your Trump "I did that" stickers ready.
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Who, out of the countries that use the gulf of Hormuz, would be buying US oil?
I’m confused. What are you trying to say?
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Got an EV, I'll be okay. Sorry republicans, but surely you were expecting this, right? Enjoy the gas prices.
Heh, probably the only piece of good news the cybertruck owners will ever get.
Not saying you own one of those or anything, but thinking it must be the first positive they've seen in ages.
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Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world's most critical oil transit chokepoints, according to media reports.
Any final decision on retaliation, however, will rest with the country's Supreme National Security Council and le
_
Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.
Iran has the right to defend itself.
Oil going up in price won't be necessarily a bad thing, oil is underpriced relative to historical highs.
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Heh, probably the only piece of good news the cybertruck owners will ever get.
Not saying you own one of those or anything, but thinking it must be the first positive they've seen in ages.
I don't know, tow trucks still use gas, so they may still suffer some knock on effects.
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I don't know, tow trucks still use gas, so they may still suffer some knock on effects.
Yeah, there's no outweighing the downsides. Hell if you just look at the depreciation, they'll never make the loss back and fuel even if they had no problems.
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Got an EV, I'll be okay. Sorry republicans, but surely you were expecting this, right? Enjoy the gas prices.
Sorry, all your electricity is needed for AI
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Iran has the right to defend itself.
Oil going up in price won't be necessarily a bad thing, oil is underpriced relative to historical highs.
Trump wants more local oil production, but the price doesn't warrant it, this is how they do it.
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Man would I love a montage of hidden camera footage of cousin-fucking Trump supporter's faces as they look at the skyrocketing gas prices when they go to the pump.
Get your Trump "I did that" stickers ready.
I don't think they'll recognize a price difference unless Fox news tells them about it.
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Who makes a brand of steaks and sells them via Sharper Image???
He didn't make anything, some meat company with the shittiest marketing division ever thought it would sell with absolutely no market research. He would have put his name on Epstein-branded underwear if he thought they'd get him slightly out of debt.
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He didn't make anything, some meat company with the shittiest marketing division ever thought it would sell with absolutely no market research. He would have put his name on Epstein-branded underwear if he thought they'd get him slightly out of debt.
Very true. Now he's out of debt. Its time someone asked him to pay for all the various things he didn't pay for during both campaigns.
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Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world's most critical oil transit chokepoints, according to media reports.
Any final decision on retaliation, however, will rest with the country's Supreme National Security Council and le
_
Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.
And they’re right to do so
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I'm betting it's not happening. The collective wrath of a dozen militaries would drop on their head.
Sounds like those militaries need some nukes dropped on them.
How about this? Stop fucking with other people’s shit. If Iran wants to protect itself, it has every right to do so. And that means closing the shipping lanes they ALLOW others to use.
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The poor should rethink their vote next time
I live on the other side of the world, but I bet you anything you like that my petrol prices will double too. It will cost twice as much to heat my home, and because my country is so big and so far away from everything, the cost of any goods I buy will increase significantly due to the additional price of the fuel required to get it to me.
I had no choice. I couldn't vote for that dickhead if I wanted to. America voted and I'm worse off for it.
