Trump and his administration are now blaming the Iran War for his loss. I am surprised that he has not named China yet. Of course, he has to leave some room for his November meeting with Xi at the APEC summit in Shenzhen, China. But now the USA is floating the sanctions mantra against some Chinese companies for supplying weapons to Cuba, to project a position of strength I suppose before going to Shenzhen. It follows the same pattern as always. China must do the same with more USA companies supplying weapons to Ukraine and Israel, particularly in rare earth supplies to those inside their supply chains.
Now the war around the Strait of Hormuz is getting hot, with tankers on fire from Iranian strikes. I was visibly amused reading that piece by Trump earlier that he has cleared all the mines in the Persian Gulf, all mind you, probably during his sleepwalking session. What he cleared in the Persian Gulf are still being replenished, so what is the message supposed to achieve? Shipowners and insurers are not as dull of mind as rednecks and hillbillies swallowing Trump's vomit lock, stock and barrel. I guess that has gone out of fashion with his midterm loss indicating that some have woken up.
One thing I failed to understand is that oil prices are retreating despite the war erupting in the Middle East. Everything seems to be based on hype rather than reality. I rest my case.
Anonymous
No comments:
Post a Comment