Originally Posted by
Lowslung
This isn’t that hard. They fire a few rockets & damage a few tankers. Then the people who own and insure said tankers stop sailing through that particular body of water because the risk is just too high when you consider the extent of their investment. A few ships went through because either they a) coordinated with & probably paid the Iranians, or b) thought the warring parties were actually serious about a “ceasefire” (they weren’t). To sum it up, Iran can hold significant sway over the strait, even if they’ve been reduced to a limited number of crude weapons.
my other question then is if they are capping their wells and they will be damaged without repair then is not the market already priced in for this scenario? Meaning 20% of production is gone for years, therefore, it doesn't really matter if the straight is open or not?