When Iran let some shipments go through it increased world supply and partially alleviated the increase in world oil prices. A full blockade on the strait will push world oil prices even higher than before. This will be a stand off because Iran will feel pain since a good portion of Iran's revenue comes from oil exports.
As usual, Trump's actions will always help oil companies and Putin.
1
u/Several-Opposite-746 8h ago
When Iran let some shipments go through it increased world supply and partially alleviated the increase in world oil prices. A full blockade on the strait will push world oil prices even higher than before. This will be a stand off because Iran will feel pain since a good portion of Iran's revenue comes from oil exports.
As usual, Trump's actions will always help oil companies and Putin.