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.
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.