Iran signaled on April 17 that access through the Strait of Hormuz remains conditional, despite earlier claims that the key shipping route was open.
  • Warl0k3@lemmy.worldEnglish
    192·
    3 days ago

    “If you won’t let us open it, we’ll close it” I just. Iran can’t keep it closed, the US proved that. The US can’t keep it blockaded, Iran proved that. God damn, all this idiotic posturing would be fucking hilarious if it werent for all the dead people.

    • marcos@lemmy.worldEnglish
      11·
      3 days ago

      “It’s a cease-fire, but we will keep a complete blockade of your country” isn’t a reasonable position, though.

  • mindbleach@sh.itjust.worksEnglish
    10·
    3 days ago

    ‘Open it!’

    ‘Okay?’

    ‘No, you can’t open it! I’ll close it!’

    ‘What! No! You can’t close it, I’ll close it!’

    And the only reason oil isn’t $300/barrel is because we live in fake-world economics. The rules are made up and the points don’t matter.

    … okay, and the second reason oil isn’t $300/barrel is that it might be bought in Yuan.

    • Redjard@reddthat.comEnglish
      2·
      3 days ago

      The reason is that before all this only 20% of oil passed the strait and 8% is being redirected through pipelines built long ago anticipating this.
      12% of supply decrease will double prices, because turns out you don’t have much choice when you design everything to depend on oil, but eventually everyone figures out to use 12% less.