Originally Posted by
CBreezy
If a global economic meltdown isn't encountered when one of the world's largest energy exporters is embargoed, then a small conflict in Israel isn't going to have nearly as big of ripple effects...unless the conflict spreads..
Embargo? Surely you're not that stupid. Russian oil continued to flow unabated. India and China became their main customers. Even Europe is still getting nat gas from Russia.
https://www.reuters.com/business/ene...ys-2023-09-05/
All of that Russian oil just flowed to different countries. By the way, the G7 put a price cap on Russian oil; not exactly an embargo.
The Strait of Hormuz is another story. More than 20% of the world's oil flows through the Straits. One would be a fool to think that the conflict will be contained to the borders of Israel.
This is what happens when we elect a feckless head of state and he surrounds himself with incompetent senior executives who are more concerned about wokeness than running a superpower.