Originally Posted by SVCTA

There is no way the world lets the Iranians control the Straight of Hormuz long enough for this to turn in to an energy crisis. The spike in prices makes sense in the short term, but I just don't see it lasting very long. Neither can Iran maintain a fighting position very long. Anyone who's been following along the last few years knows that they are woefully lacking in resources, chiefly water in their largest cities. Any money they were given has long since been plundered and the IRGC is a bunch of fragmented militias who don't favor the installation of a nepo baby Ayatollah (because it is actually against the 'rules'). So there will be a lot of infighting now amongst themselves now, too. It is a Middle Eastern version of Venezuela in almost every sense, albeit more propped up by China and Russia, but that has already shown signs of retreat, too. China's defense weapons (bought by Iran) have failed on the world stage so they're likely to want to stay out of the fray because it is proving to the world's defense sector that their hardware is inferior. And Russia is completely underwater with their own mess in Ukraine.

Anyhow, lots to discuss on that topic, but I just don't see this one lasting too long. Especially as it relates to energy costs.