If the Us keeps attacking its allies economically and militarily the petrodollar will crumble and those trillions of dollars of debt will start to be a heavy burden
The real problem is that some of the most important fertilizers are synthesized basically from methane. And about 25% of natural gas is exported via the Hormuz strait. This is something solar energy currently cannot tackle.
why US wouldn't block those tankers? Is there 5-dimensional chess somewhere here that i don't see? One can also wonder what money and through which banks Iran is getting for that oil - i'd find it hard to believe that Iran would accept Chinese currency and store it in Chinese banks.
Saw a funny remark about 9d chess and with what's happening nowadays, I have the feeling that I'm not even smart enough to understand a game of coin flip.
Why wouldn't Iran accept Yuan? Without doing anything special, China is becoming the most reliable trade partner in the world.
Some oil deals between Russia and China already run on yuan (RMB). I suppose the yuans are promptly reinvested into Chinese goods, often the dual-use kind.
The u.s. removed sanctions on Iranian oil so that Iran can buy more weapons from china to attack the u.s. it makes no sense but that's what's going on.
The price at the pump affects not only a voter's commuter car, but also every truck that delivers goods across the US. This may have a much larger knock-on effect.
OTOH the US is the largest oil producer in the world [1]. Theoretically the US could keep domestic prices in check, but that would require rather drastic administrative pressure, likely only legal at wartime.
As Trump said, "we're not desperate for a deal, they're the ones who are desperate". Meaning, Trump realizes he sent his military, lead by the genius Hegseth, into a mess, and he is now desperate to get out, since Iran has the power to inflict more pain on the world and have him be the one to be blamed...
It's hard to see this as anything but an own goal from the Trump administration. Thoguh ironically they likely have an interest in Iran continuing to export oil to stop the prices rising even higher.
I still think the timing is justified because if they had waited another 6 - 12 months Iran would have built up such a missile stockpile it would have been even more painful to attack them, and an untouchable Iran would absolutely destabilize the ME even worse then it was/is doing already.
[repost] Nonsense. There's no evidence whatsoever that Iran were planning to attack neighbouring countries nor is it in their interest. This is all Israel-fabricated bullshit which goes back about four decades.
Repost because of the clear strategic downvoting of my other comment.
So, are you a Trump-sympathizer, trying to justify your support for him by trying to find the silver lining from the acrid cloud of burning oil? Asking out of curiosity as to why you'd write this.
If only someone didn't rip up a deal a particular president with a Kenyan father did, Iran might've been more contained...
Why does it always have to come down to being 'pro-Trump' or 'anti-Trump' instead of 'pro-policy' or 'anti-policy' no matter who is behind the wheel? In other words why do you - and by that I mean mostly those with TDS but also the smaller contingent who think the man can do no wrong - treat everything around him and his administration as black or white with nothing in between? Anecdotally in the times of Reagan he and his main opponent Tip O'Neill went out for drinks after fighting it out in Congress so it can not be written down to the 2-party system. Is it the 'net? Is it the dumbed-down heavily ideologically biased educational system? Is it the Ivy League revolutionary training camps? The polarised us-vs-them media?
You've answered your own question - there is no policy with Trump. He certainly knows how to find issues people care about, but as far as solutions the only thing he has is performative vice signalling. In normal times the department bureaucrats would keep the policies halfway sane, but he made sure to replace them with yes-men too. You either see this, regardless of your party affiliation, and thus you're "anti-Trump". Or you remain blissfully unaware and think there must be some grand genius plan waiting in the wings (ie the real "TDS").
Nonsense. There's no evidence whatsoever that Iran were planning to attack neighbouring countries nor is it in their interest. This is all Israel-fabricated bullshit which goes back about four decades.
There is not any otherwise you would present it. The only destabilising force in the ME is Israel. And there's plenty of evidence to prove as much. E.g. the minimum of seven wars started by Israel over just the last ten years.
> Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon. If they'd cover it on TV news, it's probably off-topic.
This doesn't tell us anything new (we've already had many stories explaining that oil prices have been elevated for almost a month now; the revenue is a natural and entirely expected consequence) and really only serves to give another place for people to shop around their preferred theories about the politics behind this, and to complain about whichever political figures they prefer complaining about.
Taiwan, Korea, and other Asian countries are running out of fuel and natural gas for electricity. Computer components are already about 2x their price a year ago.
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