Countries are very happy with Trump for the high oil prices

Iran does not have to target USA warships to close the Strait of Hormuz. Iran just has to create a fear in shipowners and insurers alike to make the USA's plan to escort ships through the Strait of Hormuz an exercise in futility. And Iran is just doing that now. Killing a few roosters will teach the monkeys to obey and not let them be lulled into a false sense of safety just because USA warships are escorting them. The Gulf oil producers found that out the hard way and are regretting.

Several ships have already been targeted, with oil prices spiraling, with the risk of running the Strait of Hormuz intensifying and the energy crisis escalating.

How much oil stockpiles do countries still have that have not already been exhausted? How much oil can the USA release from its stockpile to keep oil prices down?

Oil rationing is already in place in many countries. That tells the whole story. And that is just the tip of the iceberg. It will get worse shortly but will surely get better in time to come. Maybe two to five years later. Very assuring but that timeline spells doom for many.


Anonymous