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.
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.
Got an EV, I’ll be okay. Sorry republicans, but surely you were expecting this, right? Enjoy the gas prices.
I’ve noticed that everyone only sees oil from a personal perspective. If gas prices spike, every price spikes. On top of that, oil is used for 1,000 purposes apart from internal combustion engines. The shockwaves from the planetary economy crashing would be appalling. Here’s a tiny, tiny example:
Your city has a budget for mowing grass, parks & rec, all that. If higher prices run that budget out, the work simply stops. Multiply that by 1,000,000 other like cases.
An EV will only save you the gas station bill. It won’t save you from everything else that will crumble.
even if you have an electric vehicle, the stuff you rely on probably uses oil and gas for production, transportation, whatever.
The market seems to be betting that it’s not happening.
TACO principle.
I’m betting it’s not happening. The collective wrath of a dozen militaries would drop on their head.
How so?
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.
Are you under the impression that Iran owns the Straight? We just gonna chunk international waters and maritime laws out the door?
You’re move “tactician” Trump.
Update, strait still not closed. Nothing ever happens yet again
And they’re right to do so
So, for those watching, as usual, the cost of the war can and will fall most heavily on the poor.
$10 gasoline here we come.
The poor should rethink their vote next time
next time
Here’s hoping there will even be a next time.
If the option to vote with paper is gone try lead.
Sorry, couldn’t hear you over all the deafening silence from Kamala Harris and Joe Biden about how much they oppose this foreign policy and how different things would have been in this regard if either of them had become president.
The normie libs downvoting this comment because they are offended by the claim that Harris and Biden are 100% aligned with trump on Israel policy, are the same people who would be self-righteously scolding me for undermining a democratic administration if it was Kamala bombing Iran.
You’re right.
They should all vote Green.
Well, they need to start by registering for the green party.
You can’t show up on November 6th and say “everybody should have voted for Jill Stein!” After she barely gets more votes than the worm riddled antivax conspiracy theorist that dropped out of the race and backed trump.
The only way for us to leave the middle east alone is if they have the bomb. The further they are away from possession of the nuke, the more likely we are to invade and generally fuck with them.
This will just give trump more leverage to drill on protected lands and build pipelines through communities, and seize private property in the US, to satisfy his American oil baron owners.
This is exactly right and needs to be higher. This was either part of the plan or a welcome side effect.
Unfortunately the oil we drill can’t be refined here. So it doesn’t matter if we drill more. We can’t do anything with it without sending it east.
It’s okay, kids can build and work the refineries.
Why can’t it be refined here?
Because the refineries constantly fuck up and release toxic shit without warning nearby communities of what they did and that windows need to be closed. Then they get shut down when the riots start.
Here is a video about it. In a nutshell, the oil we are able to pump out of the ground is a much lower quality oil and our infrastructure is not setup to handle the low quality crude oil. In order be able to process it, we would need to spend billions for the infrastructure and it wouldn’t make financial sense since the East processes it for so much cheaper.
I was curious, and this is what I found.
As of January 2024, there were 132 operating oil refineries in the United States with an atmospheric crude oil distillation capacity of 18,374,628 barrels per calendar day according to the U.S. Energy Information Administration (EIA).[94]
And we use a little over 20.
The US has been a net exporter of refined petroleum since 2010.
Yeah but it’s not the same quality or type of oil that the Middle East has. However Alaska does have that type of oil…
I really hope they do close it. Time for FAFO.
The world’s militaries will turn Tehran into rubble before they allow Iran to crash the global economy. The planet runs on oil. You don’t have to like it, but you better believe it.
As much as I hate how this is going to affect millions in the US and Iran, and elsewhere, who are already struggling, I don’t think anyone in the US will care unless it personally affects their own quality of life, so yeah, part of me agrees with you.
If the gas price skyrockets they will demand Donald’s head. Nothing pisses Americans off more than not being able to use their cars.
Demand for his head, I doubt. They’ll just call for a full invasion and taking of the strait and justify the strikes and invasion do to Iran closing it.
There is a portion of MAGA that won’t, sure.
But the majority will. This is a war of choice, not necessity, and you saw how quick people were to flip on Harris when it became clear she was comfortable with people being impoverished for no good reason.
I mean yeah but he’s already a dictator. We can’t vote our way out of this.
All these liberals just don’t fuckin get it yet…
You just lived through a period where people literally threatened their neighbors (and tried to kidnap a governor) with guns because they couldn’t get a haircut or get some cheesy biscuits at Red Lobster.
The worst sin Donald can commit is coming between Americans and the convenience that they equate with liberty.
And yes, there will be another vote.
The vote may take place, but its not gonna matter. If he wants to stay in office, he will.
And yes, there will be another vote.
6-3 SCOTUS says the election didn’t mean what you thought it meant.
Bush v Gore was a lethal blow for American democracy.
I’m torn, because I’ve seen plenty to suggest the democratic process is still chugging along in the states. Let me know when the NJ/VA gubernatorial races are overturned.
At the same time, I’ve seen “Welcomefest” and the liberal doubling down on Palestinian genocide. I’m seeing liberals in Congress line up to support Trump in his Iran War. Liberals are bought into crypto. They’re bought in on school privatization. They’re bought in on defunding Medicaid and SS. They bought in on the deportations and the lawless arrests and the police violence
Too many liberals are supporting Trump in deed, while complaining in name only. How does an election fix that?
What you’re saying is there is actually a class divide that gets hidden by a manufactured social divide.
could it be that Marx was right, then?
You sure about that? This is MAGA. They will fall in line and say “if Biden didn’t fuck this up in the first place… then…blah blah”
They are all Team players. They will bend the knee like before.
From what I understand, the US is now an oil producing country due to fracking so we won’t see results like the oil embargo of the 70s, just increases in prices. Increasing the price of oil will increase the profits to Republican donors. I do wonder what the products of the closure will look like.
Increasing the price of oil will increase the profits to Republican donors.
It also increases Russian profits. 🤔
they’ll blame iran and then demand daddy donny fix it with more bombs. they lack the ability to see that trump is the entire cause of this nonsense
His supporters won’t demand anything, even the ones a raise in gas prices most directly affects. But let them eat shit in any case.
If the gas price skyrockets they will demand Donald’s head
Maybe. Or maybe they’ll just keep blaming Palestine protesters and other Woke Leftists for doing a domestic terrorism by talking shit about the president.
It took a long long while for the median Americans to come around to Bush being a POS. Conservatives only really turned on him after he left office.
I can easily see our domestic media egging on our paramilitary DHS to do more fascism against the immigrants responsible for inflation. And I can easily imagine a lot of Americans convinced they’re who are to blame.
Good on them for being smart about this. Doesn’t always have to be bombs. I thought Trump was supposed to be a good business man.
Smart!? Can you not imagine what hell will drop on Iran if they go through with this? The world will not allow them to crash the global economy.
This is simple posturing. Money says they don’t dare try this. They’re threatened before, never done it.
You mean that guy that had not one, not two, but three failed casinos?
I think it was 5 casinos and a casino holding company? Brb…
Edit:
Bankruptcies were…
1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
1992: Trump Plaza Hotel (not a casino, just a hotel.)
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts. Which was a casino holding company. Not only did he bankrupt cannons he also bankrupted a company that syphons profits from casinos.Apparently that’s good business? Haha
This must be a very difficult decision. It heavily affects China, as Irans biggest trade partner for oil, as well as the other exporting gulf states Iran tried to normalize relationships with during the last years. Oil prices will go up, Putin will benefit.
$300 dollar barrel of oil in 3, 2, 1…
Russia Like this! Krasnov did it again. Молодец товарищ Краснов.
