Iran has reportedly closed the Strait of Hormuz in response to a joint attack by the United States and Israel.
Iran's Revolutionary Guards issued orders for no passage through the Strait, though the UK Navy stated these orders are not legally binding and advised caution.
The US Navy warned against navigation in the area, and Greece's shipping ministry advised vessels to avoid the Persian Gulf, Gulf of Oman, and the Strait of Hormuz.
The Strait of Hormuz is a critical chokepoint for 20% of global oil and large volumes of liquefied natural gas, with disruptions already affecting LNG tankers and posing risks to Qatari exports.
Plus we're looking at decimated infrastructure of an already fragile nation.
I hope the people of Iran can find a better path, but if the US/Israel are not putting boots on the ground then regime change is not likely. It's certainly possible, but the last 26 years have shown a pretty consistent pattern of things getting worse in places after the US removes a problematic government.
(Note: the people who ran Iran are monsters, don't get it mistaken)
For real I am sure China and Russia are just as happy for Iran to fall. Sure Russia trades with them but at the end of the day Iran's ideology is kind of insane and they want nukes.
For 30 years they've been saying Iran is developing nukes. And in that time India, North Korea, and Pakistan have all developed and successfully tested nukes. Why hasn't Iran? I'm against states ran by religious fundamentalists, but I do believe in sovereignty. Iran was previously ran by a dictatorship installed by the US.
People should be free to choose their leaders. The irony is that Americans are likely to be losing that right, if we haven't already.
The people of Iran deserve better than the US installing another corrupt regime. And that is exactly what we have here so that is what they are going to get.
And because Iran has likewise seesawed between trying to negotiate a viable alternative to nuclear development, which has at times required IAEA/Western oversight that further slowed them down?
India and Pakistan were 'allowed' to develop nuclear weapons by the international community. The question is moreso how and why North Korea was able to conduct nuclear weapons without equally successful US sabotage, but it's quite clear what's been setting Iran back.
Lol, no. Iran will get put down in quick order with little to no international support similar to last year when Israel achieved air superiority in a week. Iran messing with the flow of oil is counter-productive and they can't hold that strait for long.
Maybe if you had even one IQ point you would’ve realized we are lamenting being dragged into another forever war. But of course the hawks are out to convince us all why spending a bajillion dollars and killing lots of people is worth it.
The Ayatollah was one of the few people in the government who was against developing nuclear weapons. Now that they are getting attacked again the message to everyone is developing nukes is the only way to stay sovereign.
I'm very concerned that if you kill enough people at the top the nuclear material they have stockpiled is going to vanish like after the fall of the Soviet Union
How is that moving the goalposts? Maduro was in absolute defiance against USA. The acting president is now working with USA. No need for regime change. Same will happen in Iran.
Working with the U.S? They don't have a choice. Trump publicly invited U.S. oil companies to come on in to Venezuela.
Do you understand how imperialism works? This is how he is addressing U.S. economic problems. And this so the exact same crap that happened about a century ago:
When the Iranians were coming out of Western imperialism in the first half of the 20th century, an Iranian trying to become leader proposed to nationalize oil reserves, keeping the wealth from bring sucked up out of Iran by British oil companies. The British and US killed him, reinstalled the shah, who was terrible. That caused the Revolution, but the Iranians were deceived by the ayatollah and how Iran would be run. Didn't help that they still had oil.
US basically did that to Venezuela, too, telling their oil companies to come on in, and now are back at it again in Iran. They're gonna install a puppet and take oil.
Nah, The West learned its lesson from Iraq debacle. Let the regime stay in charge as long you play along with us. If not, we take out your leader and give the second in command same choice. If not, go to the 3rd and so on.
20% of the worlds oil flows through hormuz, insurance companies are pulling contracts of ships traveling through hormuz, even if realistically the supply doesn't contract, prices are going to go up, so yeah fill er up
I suppose this makes the seizure/control of Venezuela’s oil look like part of a more coherent strategy than it seemed at the time, not condoning any of this in any way, just an observation.
No it is not. Venezuela’s oil is bitumen that take massive investment in refining to be economically viable to extract, investment that will never come because oil companies are not spending on a politically unstable country with potential for violence. Look at Ukraine: the signing away of rare mineral rights is just smoke and mirrors to sane-wash bad foreign policy; no companies are investing in infrastructure to extract mineral right next to a hostile state that could potentially just take over through violence. Not to mention, it is a common resource despite its name and they can extract it pretty much everywhere were it not due to environmental regulations, something that Trump doesn’t respect.
I disagree. Gas suppliers ALWAYS spike the price of gas as soon as oil prices go up. When oil prices go down, they will every so slowly let the air out of the balloon. I've been observing this since the early 1990s. Happened under both Bush Iraq wars.
This should be great for Republicans for the midterms. Gas prices were the one thing that seems lower in the last year. Prepare for some serious sugar-coating for this administration to justify why removing the leader of a nation most Americans don’t care about is worth more than their wallets getting squeezed again.
- China is getting a lot of oil from Iran.
If the war drags on and reduces production, China will have to buy on the 'normal' market.
- Possible fallout in the region is how the countries with US Bases will react to Iran attacking those bases.
This could lead to an all out war in the region with a lot of oil producing states.
- US -imo- will get a shock, but delayed since their move on Venezuela.
I think there's a certain time window the US Admin has to bring this war to end before SHTF re: oil price, inflation, 'world peace' and especially mid terms.
Best strategy is to keep an eye on the gas prices and fill up accordingly.
“Closed” is a voluntary risk decision. Iran can’t muster enough force to actually close the strait. The US has enough brrrrrrrrrt in the region to open it.
Iran also has a fuck ton of small drones. If they try to blast the mines, they’ll get a swarm of drones. The US wins in the end but there’s gonna be plenty of fuckin shit up before we get there
Yes, the Navy is well aware of them and has mitigation tactics. This isn't nearly the strong point you thought it was. It'd be like saying "have you ever heard of helicopters?" When talking about tanks - yeah, everyone knows about them and everyone know the need to counter them.
They don’t have the ability to stop the US navy from destroying their Navy. They do have the ability to bomb oil tankers and mine the Straight of Hormuz to the point that it’s impassable for months, if not years.
===> For the first time in history, the Strait of Hormuz was completely closed, disrupting 30% of global seaborne oil trade.
Blessed are self-sufficient regions like Africa and South America, who need absolutely nothing from the rest of the world, they are the guarantors of a multipolar world order.
Africa and Latin America for example are self-sufficient regions, who don't need trade and security from other regions, and therefore a world order. They have all the resources and markets they need within their regions.
Therefore, Africans would accept a new world order only if it meets certain conditions like,
It must be controlled by Africans (of course, not just by Africans)
It must advance African interests (of course, those of other regions too)
It must have African official languages (of course, languages from other regions too)
.
The two regions would be interested in a world order only if it could offer them more than they could offer themselves.
At this point, Africa is more industrialized than USA, and is rapidly industrializing by increasing intra-African trade, banning the export of unprocessed and dirt cheap raw materials and by building a continental arms industry.
Afrocentrism is now emerging as the dominant ideology on the continent and among blacks abroad. The Africans are aware of their history as creators of the greatest civilization in the history of the world:
Here is one creator of an original civilization 4000 years ago
https://i.pinimg.com/736x/67/4c/97/674c975fba1e4d96321ae5a225e64a2f.jpg
The Africans need absolutely nothing from non-Africans, let alone capital, that they can print in their central banks, even not technology, as they are now in a position to reverse engineer every Western product.
In past millennia and centuries, it was Europeans who copied from Africans, now it is the other way around:
Really, African countries do not need to go to anywhere to finance infrastructure projects.
The African countries could simply print their own money, and give that money to contractors. The contractors will then buy the necessary inputs with that money from the local market and build the infrastructure.
What inputs are necessary in infrastructure projects ?
Steel
Glass
Cement
Asphalt
Manpower
Machinery
Most African countries have those things locally available.
.
What a funny situation, at this moment, the mighty Global Southerners have growth and deflation at the same time (not deflation and stagnation), while Westerners have inflation and stagnation (not inflation and growth) at the same time, and with an aging population.
For example in Africa, they have a giant backlog of infrastructure projects, that will ensure decades of growth on the continent.
Roosevelt's Public Works Administration from 1933 European calendar, with more than 34 000 projects, including the construction of airports, large dams, major warships, bridges, schools and hospitals, is peanuts compared to what is happening now in Africa. These guys can now finish the construction of apartment buildings in just 90 days, all that using local resources.
.
...
.
What a tragedy, the USA is now paying dearly for its destructive policies against the Global South, for example when the mighty Global Southerners reject USA brands and instead choose their own brands; Kaldi's instead of starbucks, China Restaurant instead of McDonald's, Areke instead of Gin, ...
...
.
Today African countries are more industrialized than USA:
GDP by sector (Typical African country)
.
Agriculture: 35.5%
Industry: 23.11%
Services: 36.81%
.
.
GDP by sector (USA)
.
Agriculture: 0.9%
Industry: 18.9%
Services: 80.2%
.
The statistics are saying that, African countries are more industrialized than USA (Industry: 23.11% VS Industry: 18.9%)
.
The Global Southerners are taking over the world !
Blessed are the Global Southerners, the new masters of the universe.
The global economic center of gravity is shifting to South-east.
Once upon a time, Europe was the center of the world, now the area from northeast Africa through West Asia to India is becoming the new center of the world.
We all realize, the West finds itself in the most difficult period in its history in 500 years.
Consider for example that, Western countries are now disappearing from the list of
The Global Southerners are taking over the world !
Blessed are the Global Southerners, the new masters of the universe.
Quote:
The Africans, Chinese and Indians need only to integrate tradewise the area from South China, India, Gulf region and the Eastern Africa up to Cape Town, then they will dominate the world, given the density of the population in those areas and the richness of the regions.
[OP] kootles10 | a day ago
From the article:
Iran has reportedly closed the Strait of Hormuz in response to a joint attack by the United States and Israel.
Iran's Revolutionary Guards issued orders for no passage through the Strait, though the UK Navy stated these orders are not legally binding and advised caution. The US Navy warned against navigation in the area, and Greece's shipping ministry advised vessels to avoid the Persian Gulf, Gulf of Oman, and the Strait of Hormuz. The Strait of Hormuz is a critical chokepoint for 20% of global oil and large volumes of liquefied natural gas, with disruptions already affecting LNG tankers and posing risks to Qatari exports.
Buckle up y'all
helluvastorm | 19 hours ago
Heard on Sky news that ships are beginning to go through the straights now
[OP] kootles10 | 19 hours ago
Hope so.
https://www.reddit.com/r/economy/s/EmoQBrZLTB
Here's an hour ago
FearlessPark4588 | 9 hours ago
If going through the gays cost 20% more, it's only economically efficient they'll go through the straights instead.
Prestigious-Smoke511 | 21 hours ago
” Buckle up y'all”
Aaaaand the Ayatollah is dead…
Useful-Outcome561 | 11 hours ago
You've gotta be joking, and now we have to deal with a power vaccum too
Prestigious-Smoke511 | 10 hours ago
A power vacuum??
Why didn’t you say that! That’s worse than a thousand protesters murdered with machine guns!
Wait, how many protesters did the Ayatollah’s regime murder with machine guns?
It was more than a thousand, wasn’t it…
Conditionofpossible | 9 hours ago
A power vacuum is worse.
Plus we're looking at decimated infrastructure of an already fragile nation.
I hope the people of Iran can find a better path, but if the US/Israel are not putting boots on the ground then regime change is not likely. It's certainly possible, but the last 26 years have shown a pretty consistent pattern of things getting worse in places after the US removes a problematic government.
(Note: the people who ran Iran are monsters, don't get it mistaken)
ICumInSpezMum | 7 hours ago
It's guaranteed that the hardliners who want iran to have nukes will take over now that the ayatollah is not there to hold them back.
awr90 | 22 hours ago
US will have this opened up by Monday.
NotSoFastLady | a day ago
The official start to world war three. Ain't life grand.
abqguardian | a day ago
Nobody is going to fight a world War over Iran
NotSoFastLady | a day ago
Both world wars were a series of global conflicts. This is the same level of ignorance that allowed for these facists to take over.
iloveFjords | 13 hours ago
Canada: might be the perfect time to burn down the Whitehouse again.
tMoneyMoney | 18 hours ago
Ukraine - Russia and Iran - US conflicts are mutually exclusive. What other global conflicts are relevant for a potential threat of World War III?
Ok_Jeweler1044 | 5 hours ago
And who at the time ever think some dumb ass serbians assasinated a duke of Austria will start ww2?
SinickalOne | a day ago
Same shit they probably thought about the assassination of some Austro-Hungarian duke in Sarajevo.
Drak_is_Right | 20 hours ago
There were alliances then.
There arent strong alliances here.
Useful-Outcome561 | 11 hours ago
NATO(Besides the US). EU. BRICS. want to me to go on?
Drak_is_Right | 11 hours ago
BRICS is not a military alliance.
Only one side has allies here, and its the side that has far superior military forces.
This is not going to be a world war.
The civil war in Ethiopia is going to have MANY MANY times the death toll with 0.01% the media attention
East_Worldliness2287 | 8 hours ago
US alone on this invasion . It's not a war, it's a US invasion.
TRIPMINE_Guy | a day ago
For real I am sure China and Russia are just as happy for Iran to fall. Sure Russia trades with them but at the end of the day Iran's ideology is kind of insane and they want nukes.
NotSoFastLady | 23 hours ago
For 30 years they've been saying Iran is developing nukes. And in that time India, North Korea, and Pakistan have all developed and successfully tested nukes. Why hasn't Iran? I'm against states ran by religious fundamentalists, but I do believe in sovereignty. Iran was previously ran by a dictatorship installed by the US.
People should be free to choose their leaders. The irony is that Americans are likely to be losing that right, if we haven't already.
The people of Iran deserve better than the US installing another corrupt regime. And that is exactly what we have here so that is what they are going to get.
FidgetyHerbalism | 5 hours ago
>And in that time India, North Korea, and Pakistan have all developed and successfully tested nukes. Why hasn't Iran?
Because the US and Israel have successfully and repeatedly sabotaged the program?
https://en.wikipedia.org/wiki/Israeli_infiltration_of_an_Iranian_nuclear_archive
https://en.wikipedia.org/wiki/Stuxnet
https://en.wikipedia.org/wiki/Assassinations_of_Iranian_nuclear_scientistshttps://en.wikipedia.org/wiki/United_States_strikes_on_Iranian_nuclear_sites
And because Iran has likewise seesawed between trying to negotiate a viable alternative to nuclear development, which has at times required IAEA/Western oversight that further slowed them down?
https://en.wikipedia.org/wiki/Joint_Comprehensive_Plan_of_Action
https://en.wikipedia.org/wiki/2025%E2%80%932026_Iran%E2%80%93United_States_negotiations
etc.
India and Pakistan were 'allowed' to develop nuclear weapons by the international community. The question is moreso how and why North Korea was able to conduct nuclear weapons without equally successful US sabotage, but it's quite clear what's been setting Iran back.
Drak_is_Right | 20 hours ago
Iran isnt exactly choosing its leaders....
bladex1234 | a day ago
Iran was following the Obama era deal to the T. If they want nukes now, it’s in response to the US escalating every step of the way.
Bay1Bri | a day ago
I don't approve of Trump's foreign policy, but you really can't totally absolve Iran here.
bladex1234 | a day ago
Iran’s a fundamentalist authoritarian regime, but specifically when it comes to nuclear weapons the blame falls squarely on the US.
dingBat2000 | 22 hours ago
This is an economics sub no? What percentage of China's oil imports are Iranian
Drak_is_Right | 20 hours ago
A bit less than a quarter.
It also impacts their imports from the rest of the gulf which makes up a significant share.
Septopuss7 | 19 hours ago
Well not with that attitude
klingma | 15 hours ago
Lol, no. Iran will get put down in quick order with little to no international support similar to last year when Israel achieved air superiority in a week. Iran messing with the flow of oil is counter-productive and they can't hold that strait for long.
Bossanova12345 | a day ago
RemindMe! 9 days
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[OP] kootles10 | a day ago
3rd conflict in the middle east in my lifetime. Or I guess 4 if you count Afghanistan separately. Only 35 as well
mshorts | 21 hours ago
You're only counting Middle East wars where USA was a combatant.
Drak_is_Right | 20 hours ago
Far more than that have occurred.
[OP] kootles10 | 20 hours ago
Let me clarify: 3rd or 4th in the middle east involving the US that have been publicly revealed
RedK_33 | 23 hours ago
Should probably count Afghanistan separately. Separate conflict, same “war”.
Drak_is_Right | 20 hours ago
So do explain. How is this going to expand into a conflageration that will consume the world with two huge axis of power?
Its a regional war that is going to have economic consequences as a lot of trade in a limited commodity come from that region.
desertchimp05 | 15 hours ago
hysterical much?
Capable-Hospital-315 | 3 hours ago
I have a feeling this account has predicted all 78 world war threes
BunnySprinkles69 | 16 hours ago
Nah, this is just iran get demolished
Bozocow | 21 hours ago
I've heard that one before...
Top_Box_8952 | 18 hours ago
That would require an actual war
Ambitious-Title1963 | a day ago
Nah.. people are too busy to start ww3
Scrandon | a day ago
This is unbelievable. It’s beyond the pale. It’s dystopian and surreal. It’s well past time to cut out the orange cancer.
resuwreckoning | a day ago
Of course Reddit is lamenting the loss of the great Ayatollha lol.
Stunning-Verb-9865 | 23 hours ago
Maybe if you had even one IQ point you would’ve realized we are lamenting being dragged into another forever war. But of course the hawks are out to convince us all why spending a bajillion dollars and killing lots of people is worth it.
cricketyjimnet | 23 hours ago
Forever war? Like Ukraine?
DizzyMajor5 | 22 hours ago
Yes everyone remembers when the U.S. attacked Ukraine. /s
cricketyjimnet | 22 hours ago
Like when the US attacked North Korea, right? Because the only way to enter a forever war is offensively, right??
DizzyMajor5 | 21 hours ago
Russia and Ukraine are at war at least learn about the countries you're talking about before bringing them up.
cricketyjimnet | 21 hours ago
North Korea and South Korea have been at war for the last 75 years. Perpetual war.
resuwreckoning | 23 hours ago
Yeah if we followed your “big brained advice” the ayatollah is still alive and doing what he always does.
And yeah Venezuela totally is a forever war. Sure bud. High IQ lmao.
Stunning-Verb-9865 | 23 hours ago
Have either the Iranian or Venezuelan regimes been eliminated? In VZ we captured one guy but the entire regime is still in place.
seatiger90 | 23 hours ago
The Ayatollah was one of the few people in the government who was against developing nuclear weapons. Now that they are getting attacked again the message to everyone is developing nukes is the only way to stay sovereign.
I'm very concerned that if you kill enough people at the top the nuclear material they have stockpiled is going to vanish like after the fall of the Soviet Union
Check_Me_Out-Boss | 23 hours ago
> austere religious scholar
DizzyMajor5 | 22 hours ago
I get pedophiles like you love trump but just because people hate warmongering pedos doesn't mean they like Iran. Have some self respect.
Check_Me_Out-Boss | 23 hours ago
Is this before or after their entire leadership was just wiped out?
grazfest96 | a day ago
The war is already over. Ayatollah is dead. Lol
Ok_Jeweler1044 | a day ago
you think they dont have a subtitute right away, and in front of china and russia, how naive lmao and i am not defending iran or us here
grazfest96 | a day ago
Venezuela had one too. Guess what happened?
NeuroLeak | a day ago
They took control and still are in control? what are you talking about? do you think Venezuela is free?
grazfest96 | a day ago
Yes they got to keep their control but now they are influenced by US foreign policy. Ask Cuba and Russia if they are still getting oil from them.
NeuroLeak | a day ago
Classic, just keep moving goalposts...
grazfest96 | a day ago
How is that moving the goalposts? Maduro was in absolute defiance against USA. The acting president is now working with USA. No need for regime change. Same will happen in Iran.
ThatPhatKid_CanDraw | a day ago
Working with the U.S? They don't have a choice. Trump publicly invited U.S. oil companies to come on in to Venezuela.
Do you understand how imperialism works? This is how he is addressing U.S. economic problems. And this so the exact same crap that happened about a century ago:
When the Iranians were coming out of Western imperialism in the first half of the 20th century, an Iranian trying to become leader proposed to nationalize oil reserves, keeping the wealth from bring sucked up out of Iran by British oil companies. The British and US killed him, reinstalled the shah, who was terrible. That caused the Revolution, but the Iranians were deceived by the ayatollah and how Iran would be run. Didn't help that they still had oil.
US basically did that to Venezuela, too, telling their oil companies to come on in, and now are back at it again in Iran. They're gonna install a puppet and take oil.
grazfest96 | a day ago
Nah, The West learned its lesson from Iraq debacle. Let the regime stay in charge as long you play along with us. If not, we take out your leader and give the second in command same choice. If not, go to the 3rd and so on.
Ok_Jeweler1044 | a day ago
Lmao compare iran military to venezuala, said it all
grazfest96 | a day ago
The Iranian military is quite pathetic actually. I honestly thought they were worth something too.
Lower-Reality7895 | a day ago
Multiple US bases have been hit and I have friends stationed in them. Tell me is the IRGC destroyed
grazfest96 | 19 hours ago
How's the Supreme Leader doing though?
Lower-Reality7895 | 17 hours ago
There is another one already. Its like cartels mecho got killed his son took over while living in the US.
alotofironsinthefire | a day ago
This is like saying The Taliban is gone because Osama bin laden and is dead
A_Brown_Crayon | a day ago
Yea I’m sure they had no plan to replace an 87 year old man. Fucking dumbass
grazfest96 | 19 hours ago
So who is it smart guy? So many of them have been taken out, its hard to know.
grazfest96 | a day ago
One that hopefully finally understands Iran is not going to have a nuclear program in any capacity.
Themaster6869 | a day ago
Or one who thinks the reason iran has been struck by isreal and the us over and over is because they lack deterence
Jazzlike-Tank-4956 | a day ago
Yet Skies of Tel Aviv, Doha and Dubai are still lit up and we expect B2 bombing tonight
Useful-Outcome561 | 11 hours ago
FUCK
FUCKING SHIT
AND I'M GONNA BE OLD ENOUGH TO GET DRAFTED FOR THIS ONE
juice06870 | 10 hours ago
Odds are you are probably too fat. I wouldn’t worry.
TRIPMINE_Guy | a day ago
Since I am in a forum with a lot of economists, would it be a good idea to go fill up my gas right now in us or will this not have much impact on gas?
leave_no_crumb | a day ago
You’ll see a reactionary increase. Whether it persists depends how this continues to play out.
LoveChaos417 | 23 hours ago
Trump said last night that we should be prepared for an extended conflict. But of course, that sentence began with “Trump said” so who fuckin knows.
tMoneyMoney | 18 hours ago
We’re going home but 500% tariffs on Iran!
rooftopgoblin | a day ago
20% of the worlds oil flows through hormuz, insurance companies are pulling contracts of ships traveling through hormuz, even if realistically the supply doesn't contract, prices are going to go up, so yeah fill er up
SteerKarma | a day ago
I suppose this makes the seizure/control of Venezuela’s oil look like part of a more coherent strategy than it seemed at the time, not condoning any of this in any way, just an observation.
RobertPham149 | 22 hours ago
No it is not. Venezuela’s oil is bitumen that take massive investment in refining to be economically viable to extract, investment that will never come because oil companies are not spending on a politically unstable country with potential for violence. Look at Ukraine: the signing away of rare mineral rights is just smoke and mirrors to sane-wash bad foreign policy; no companies are investing in infrastructure to extract mineral right next to a hostile state that could potentially just take over through violence. Not to mention, it is a common resource despite its name and they can extract it pretty much everywhere were it not due to environmental regulations, something that Trump doesn’t respect.
bailtail | 23 hours ago
I think that’s giving it too much credit.
oSuJeff97 | a day ago
It’s not going to cause gasoline prices to spike in the next few days.
But you will see oil prices shoot up in response to this. They may or may not stay that way, depending on how this all plays out.
Should they stay high, then yes gasoline will eventually follow suit.
But filling up now won’t really do you that much good unless you plan on buying hundreds of gallons and storing it somewhere.
eindar1811 | 23 hours ago
I disagree. Gas suppliers ALWAYS spike the price of gas as soon as oil prices go up. When oil prices go down, they will every so slowly let the air out of the balloon. I've been observing this since the early 1990s. Happened under both Bush Iraq wars.
oSuJeff97 | 23 hours ago
Who is “they?” Gasoline is a physical commodity that trades in an extremely liquid market.
As I said, the price will go up.
But your anecdotal observations aside, there are many, many factors that drive the price of gasoline.
Crude oil is just one of them.
Turkey_Overlord | a day ago
The gang solves the gas shortage
Malfunkdung | a day ago
Wildcard Bitches!!!
oSuJeff97 | a day ago
lol exactly.
tMoneyMoney | 17 hours ago
This should be great for Republicans for the midterms. Gas prices were the one thing that seems lower in the last year. Prepare for some serious sugar-coating for this administration to justify why removing the leader of a nation most Americans don’t care about is worth more than their wallets getting squeezed again.
poedy78 | 23 hours ago
- Iran has closed Hormuz.
- China is getting a lot of oil from Iran.
If the war drags on and reduces production, China will have to buy on the 'normal' market.
- Possible fallout in the region is how the countries with US Bases will react to Iran attacking those bases.
This could lead to an all out war in the region with a lot of oil producing states.
- US -imo- will get a shock, but delayed since their move on Venezuela.
I think there's a certain time window the US Admin has to bring this war to end before SHTF re: oil price, inflation, 'world peace' and especially mid terms.
Best strategy is to keep an eye on the gas prices and fill up accordingly.
mshorts | 21 hours ago
This hurts China far more than the USA. The USA is the world's number one oil producing country.
poedy78 | 11 hours ago
That's true. Count in the strike on Venezuela, the Panama Channel strike, now Iran.
That's the path to China.
Drak_is_Right | 20 hours ago
It Will impact prices, but not as much as most of the world.
Venvut | 21 hours ago
US produces 90% of its own gas. Not to mention Canada is most of the imports followed by Mexico. You’ll be fine.
_evilalien_ | a day ago
“Closed” is a voluntary risk decision. Iran can’t muster enough force to actually close the strait. The US has enough brrrrrrrrrt in the region to open it.
alotofironsinthefire | a day ago
You want another Gulf war?
Eemki | 23 hours ago
It might help the value of my Gulf War trading cards
The_Demolition_Man | 15 hours ago
Saddam. Hussein. Rookie card.
awr90 | 22 hours ago
The US sunk irans entire navy in a day last time…
west_tn_guy | 20 hours ago
It was only about half, we let one of their ships limp away to be repaired.
Bay1Bri | 23 hours ago
Do you want Iran to dictate the world's oil supply?
Bay1Bri | 8 hours ago
Typical. Lots of down votes, not a single rebuttal 🤨
screwnarcbtch | a day ago
Hey smarty pants have you ever heard of..... Naval mines????
LoveChaos417 | 23 hours ago
Iran also has a fuck ton of small drones. If they try to blast the mines, they’ll get a swarm of drones. The US wins in the end but there’s gonna be plenty of fuckin shit up before we get there
klingma | 15 hours ago
Yes, the Navy is well aware of them and has mitigation tactics. This isn't nearly the strong point you thought it was. It'd be like saying "have you ever heard of helicopters?" When talking about tanks - yeah, everyone knows about them and everyone know the need to counter them.
screwnarcbtch | 5 hours ago
OK do you know that mines are extremely effective and an extreme multiplier? Make no mistake they can mine the bitch and shut it down for a long time.
FatherOften | 23 hours ago
Iran does not have the ability to close it. This is some crap propaganda reporting.
The USA? Yes we could shut it forever. Iran....cant even keep their leader protected.
EchoRex | 22 hours ago
It's closed if they say it is because it is a risk assessment at the end of the day.
If even US military bases throughout the region cannot stop missile attacks, oil tankers are not going to be risked.
And that is discounting their naval mines and any sort of drone swarm potential.
Financially, if ignoring the people and environmental damages, it is completely stupid to take that risk.
Only a child would think that just because the US Navy is in the area it means it is safe for non military people and assets.
FatherOften | 22 hours ago
Im just saying Iran did not close it.
TheUnderCrab | 8 hours ago
They don’t have the ability to stop the US navy from destroying their Navy. They do have the ability to bomb oil tankers and mine the Straight of Hormuz to the point that it’s impassable for months, if not years.
FatherOften | 7 hours ago
They have lost the ability to mine the straight because the fight has started. The auS is not going to allow it at this point.
Yes they could fire a rocket and hit a tanker, but I think that ability is degrading very quickly.
My point is these post titles give way too much credit to Iran.
The traffic is slow to stopped due to a conflict ongoing in the region, not because Iran said so.
TheUnderCrab | 7 hours ago
>The traffic is slow to stopped due to a conflict ongoing in the region, not because Iran said so.
Semantic difference.
FatherOften | 6 hours ago
No
Its propaganda, like Iran spewing how they will destroy the USA, shut down the straight, destroy Isreal, destroy American bases around the world.....
They will do and have done nothing. They are a nation of good people ruled by a sick fanatical religious cult.
Now they are done.
TheUnderCrab | 6 hours ago
If you think this regime is done without a US ground invasion and destruction of the IRGC, you’re woefully naive.
FitEcho9 | 22 hours ago
===> For the first time in history, the Strait of Hormuz was completely closed, disrupting 30% of global seaborne oil trade.
Blessed are self-sufficient regions like Africa and South America, who need absolutely nothing from the rest of the world, they are the guarantors of a multipolar world order.
Africa and Latin America for example are self-sufficient regions, who don't need trade and security from other regions, and therefore a world order. They have all the resources and markets they need within their regions.
Therefore, Africans would accept a new world order only if it meets certain conditions like,
It must be controlled by Africans (of course, not just by Africans)
It must advance African interests (of course, those of other regions too)
It must have African official languages (of course, languages from other regions too)
.
The two regions would be interested in a world order only if it could offer them more than they could offer themselves.
At this point, Africa is more industrialized than USA, and is rapidly industrializing by increasing intra-African trade, banning the export of unprocessed and dirt cheap raw materials and by building a continental arms industry.
Afrocentrism is now emerging as the dominant ideology on the continent and among blacks abroad. The Africans are aware of their history as creators of the greatest civilization in the history of the world:
Here is one creator of an original civilization 4000 years ago https://i.pinimg.com/736x/67/4c/97/674c975fba1e4d96321ae5a225e64a2f.jpg
The Africans need absolutely nothing from non-Africans, let alone capital, that they can print in their central banks, even not technology, as they are now in a position to reverse engineer every Western product. In past millennia and centuries, it was Europeans who copied from Africans, now it is the other way around:
https://i.pinimg.com/originals/7b/27/41/7b27419706d203f0d1109b1cf1af6068.jpg
https://alexanderatkinsondnb405tl.files.wordpress.com/2014/09/92897-050-e898e2c8.jpg
.
Really, African countries do not need to go to anywhere to finance infrastructure projects.
The African countries could simply print their own money, and give that money to contractors. The contractors will then buy the necessary inputs with that money from the local market and build the infrastructure.
What inputs are necessary in infrastructure projects ?
Steel
Glass
Cement
Asphalt
Manpower
Machinery
Most African countries have those things locally available.
.
What a funny situation, at this moment, the mighty Global Southerners have growth and deflation at the same time (not deflation and stagnation), while Westerners have inflation and stagnation (not inflation and growth) at the same time, and with an aging population.
For example in Africa, they have a giant backlog of infrastructure projects, that will ensure decades of growth on the continent.
Roosevelt's Public Works Administration from 1933 European calendar, with more than 34 000 projects, including the construction of airports, large dams, major warships, bridges, schools and hospitals, is peanuts compared to what is happening now in Africa. These guys can now finish the construction of apartment buildings in just 90 days, all that using local resources.
.
...
.
What a tragedy, the USA is now paying dearly for its destructive policies against the Global South, for example when the mighty Global Southerners reject USA brands and instead choose their own brands; Kaldi's instead of starbucks, China Restaurant instead of McDonald's, Areke instead of Gin, ...
...
.
Today African countries are more industrialized than USA:
GDP by sector (Typical African country)
.
Agriculture: 35.5%
Industry: 23.11%
Services: 36.81%
.
.
GDP by sector (USA)
.
Agriculture: 0.9%
Industry: 18.9%
Services: 80.2%
.
The statistics are saying that, African countries are more industrialized than USA (Industry: 23.11% VS Industry: 18.9%)
.
The Global Southerners are taking over the world !
Blessed are the Global Southerners, the new masters of the universe.
https://pbs.twimg.com/media/F3PEbDtXEAAXBer?format=jpg&name=large
https://pbs.twimg.com/media/F00TdrQWAAIqT-g?format=jpg&name=large
.
Quote:
The global economic center of gravity is shifting to South-east.
Once upon a time, Europe was the center of the world, now the area from northeast Africa through West Asia to India is becoming the new center of the world.
https://media.licdn.com/dms/image/v2/D5612AQFBhCdSB3kfUA/article-cover_image-shrink_720_1280/article-cover_image-shrink_720_1280/0/1706049730592?e=2147483647&v=beta&t=NJrwxJN2fPqa2XuzVqAY7LRSato-Zjih8EBj-UoJfgY
.
We all realize, the West finds itself in the most difficult period in its history in 500 years. Consider for example that, Western countries are now disappearing from the list of
===> the top trade partners of most countries,
https://cdn.voronoiapp.com/public/images/ceab58e3-81c9-48e1-aad3-4d49c2d27d4d.webp
and also from the list of
===> the biggest countries and economies:
https://pbs.twimg.com/media/F3PEbDtXEAAXBer?format=jpg&name=large
https://pbs.twimg.com/media/F00TdrQWAAIqT-g?format=jpg&name=large
.
.
The Global Southerners are taking over the world !
Blessed are the Global Southerners, the new masters of the universe.
Quote:
The Africans, Chinese and Indians need only to integrate tradewise the area from South China, India, Gulf region and the Eastern Africa up to Cape Town, then they will dominate the world, given the density of the population in those areas and the richness of the regions.
https://d32ogoqmya1dw8.cloudfront.net/images/integrate/teaching_materials/coastlines/student_materials/global_population_density_image_14732658082112989702.png
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Fascinating, 10 of the 14 most populous countries on the planet would be located in that region:
https://pbs.twimg.com/media/F3PEbDtXEAAXBer?format=jpg&name=large
And the Indian Ocean would become the Mare Nostrum (or also Mare Internum) of the modern era:
https://upload.wikimedia.org/wikipedia/commons/thumb/e/e7/RomanEmpire_117.svg/2560px-RomanEmpire_117.svg.png
.
The peoples located in that region will then have the privilege to culturally, economically, politically, ... dominate the world.
Bozocow | 21 hours ago
I think there's a sort of inverse relationship between volume of text in Reddit comments and argumentative value of anything they say.
FitEcho9 | 11 hours ago
You say that because you are an eurocentrist, we know that. Wake up, this is a mainly African and Asian world.