Originally Posted by
SoFloFlyer
Probably because China gets a lot of their oil from Iran. Which is a problem (for them) with the US blockade. A little bit of hurt to go around for everyone until this mess is resolved.
On that note, seems that Iran is about 10ish days away from turning off their oil pipes. If that happens, it’ll either cost too much to turn back on or it won’t turn on due to irreparable damage. Not gonna pretend to be an expert in all this, but if the above is true, there’s a chance this is over soon enough with a deal in favor of the US
Iran has “shut-in expertise” and has handled this before without permanent field damage in most cases. The patience of the IRGC far exceeds the patience of everyday Americans who were already stretched pre-war. The IRGC are well aware of:
- $200 oil impact
- US Bond market fragility
- Nov Midterms
Gas prices are approaching $5
Diesel $6
jet A headed to the moon and has several airlines on life support
Pentagon estimates 6 MONTHS to clear the Hormuz
if the Pentagon’s estimate is true deep global recession becomes the base case scenario with a global depression a concerningly high probability