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.
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.
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.
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.
Yes, because Russia and the US have been no trouble at all since they got the bomb.
What we need to do is stop using fossil fuels, and let the Middle East go back to being irrelevant.
go back to being irrelevant
Yeah, that was never true, just delusional and wishful thinking. The region has always been relevant that’s why the Greeks in 324 BC and the Romans in 26 BC coveted it long before oil.
The Middle East was probably more culturally relevant before oil. You can’t disregard an entire region of the planet because your narrative doesn’t want to include them.
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.
I actually asked Le Chat yesterday, what would happen if oil became irrelevant:
If oil were not a valuable resource, the geopolitical interests in the Middle East would likely shift, but the region would still hold significance for several other reasons. Here are some potential international geopolitical interests that could remain:
- Strategic Location: The Middle East’s strategic location at the crossroads of Europe, Asia, and Africa makes it a crucial area for global trade and military strategy. Control over key waterways, such as the Suez Canal, the Strait of Hormuz, and the Bab el-Mandeb, would continue to be of great importance for international shipping and naval power projection.
- Trade Routes: The region serves as a vital land bridge and maritime corridor for global trade. Ensuring the security and stability of these trade routes would remain a priority for international powers.
- Religious and Cultural Significance: The Middle East is home to some of the world’s most important religious sites for Islam, Christianity, Judaism, and other faiths. The custodianship of these sites and the influence over religious narratives would continue to be of interest to various state and non-state actors.
- Security Concerns: The Middle East has been a hotspot for terrorism, insurgencies, and regional conflicts. International powers would likely remain engaged in the region to address security concerns, prevent the spread of extremism, and maintain regional stability.
- Alliances and Partnerships: Many countries have established alliances and partnerships with Middle Eastern states based on shared interests, security agreements, and historical ties. These relationships would likely continue, albeit with a different focus.
- Economic Interests: Beyond oil, the Middle East has other economic resources and opportunities, such as minerals, agriculture, and emerging markets. International investment and economic cooperation in these areas could continue to drive geopolitical interests.
- Humanitarian and Development Issues: The Middle East faces numerous humanitarian challenges, including refugees, internal displacement, and development needs. International actors may remain engaged in the region to address these issues and promote human rights and development.
- Regional Power Dynamics: The Middle East has several regional powers with their own geopolitical ambitions and rivalries. International actors may seek to influence these dynamics to maintain a balance of power and protect their interests.
- Technological and Scientific Collaboration: The region has potential for technological and scientific advancements, particularly in areas like renewable energy, desalination, and agriculture. Collaboration in these fields could be of mutual interest.
In summary, while the value of oil has significantly shaped international geopolitical interests in the Middle East, the region’s strategic location, cultural significance, security concerns, and economic opportunities would likely ensure continued engagement from global powers. The nature and extent of this engagement would depend on a complex interplay of factors and evolving global priorities.
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.
The children yearn for the 'fines.
Why can’t it be refined here?
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.
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.
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.
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.
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.
The vote may take place, but its not gonna matter. If he wants to stay in office, he will.
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. 🤔
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.
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
If the gas price skyrockets
We’re a net oil exporter these days, thanks to hydrofracking.
https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
In 2020, the United States became a net exporter of petroleum for the first time since at least 1949.
If the gas price skyrockets, (a) if it becomes really serious, it’s possible for the US to not export oil and (b) more US oil production will come online.
Loss of oil access was a potent lever against the US in the 1970s, but it isn’t in 2025.
We are talking 20% of global supply here.
The US can’t just buffer that for its own people. Also this affects all manufacturing and shipping outside the US going to the US.
And if the US doesnt share the consequences and deliver oil to its “allies” in Europe that will damage the relationships substantially.
And this administration has shown what signals of concern about that, again?
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.
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.
You mean that guy that had not one, not two, but three failed casinos?
Apparently that’s good business? Haha
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.
Is that smart? The US largest export is oil. Spiking the prices is what they want too.
Could make buyers look for other sources if they only block US oil.
It’s nearly impossible to block any given countries oil. Too lazy to write it all up, but ChatGPT gave me sane output on the question:
You’re absolutely right — blocking a specific country’s oil exports or imports is extremely difficult in practice. There are several reasons for this:
- Global Oil Market is Highly Fungible
Oil is a fungible commodity, meaning that once it’s extracted and enters the global supply chain, it’s often mixed, rebranded, or rerouted. That makes it very hard to trace its exact origin once it enters international trade.
- Third-Party Countries & Middlemen
Countries can sell oil to intermediaries who then resell it under a different label or blend it with other sources. For example, sanctioned oil from Iran, Venezuela, or Russia has been known to enter markets through such indirect routes.
- Shipping and Flagging Loopholes
Oil can be transferred ship-to-ship in international waters (a tactic known as “dark fleet” operations), often with falsified paperwork, GPS manipulation, or using flags of convenience to hide the oil’s origin. 4. Global Demand
Many countries, especially in the Global South, will continue buying oil wherever they can get it, especially at discounted rates. This demand gives sanctioned countries alternative markets.
- Limited Enforcement Capacity
International bodies like the UN or even the U.S. and EU can impose sanctions, but enforcement — especially on the high seas — is expensive, politically sensitive, and technically challenging.
- Economic Blowback
Broad oil bans can also harm the economies of sanctioning countries by raising global prices, fueling inflation, or creating supply disruptions — making governments hesitant to implement strict bans.
Bottom line: Even with sanctions or embargoes, oil tends to find a way into the global market. Cutting off a specific country’s oil completely would require not only international political unity but also technological and logistical enforcement capabilities that currently don’t exist at the necessary scale.
EDIT: Y’all childish. “He used AI! FAKE!” There’s not a single falsehood in all that and it’s a complete explanation. “NO!”
Update, strait still not closed. Nothing ever happens yet again
Wow, never saw that coming. Not.
This is Jack’s total lack of surprise.
I was surprised by this comment…
The oil price is skyrocketing and countries producing it will earn a lot more. Since Russia started the war on Ukraine, Europe has needed a lot more gas, making countries who produce gas a lot richer. Norway is profiting af from all of this shit.
Out of all the countries that could profit from this, Norway is the country I have the lest problems with tbh. Saudi Arabia on the other hand…
Right? US spends a metric ton of money on bases and basically running the middle east, they could at least throw in a nicer regime instead of some insane monarch dictators.
The Orange Turd is the dumbest guy in the room.
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.
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.
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.
Parliament has approved it. Hasn’t been ordered yet though by the supreme leader.
The market seems to be betting that it’s not happening.