The Strait of Hormuz has been Iran’s ace in the hole for decades.
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@tasket @shoq it seem you don't know europe that much ?
because unlike US we have 3 powerfull green enegy supply, and massive oil reserve since 2008 economic shock.
also even the straigh closed mean only 2/3rd loss as there are pinepline that move 1/3rd of it.
Did you really thinked that the country arround iran did not have an emergency plan if this happened ?
I hope both of you are right. But a reasonable explanation for events is that this is being done now before its too late to preserve the dominance of the fossil fuel / extractive industries (obviously, other overlapping motivations are there as well, like burying the Epstein issue).
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Not how public corporations work. That's how privately owned/family Saudi or Gulf State businesses typically operate, and lol, they are the targets of the successful Iranian asymmetrical retaliation. Iran has been planning for an attack by the US for 50 years.
If Trump was as powerful as you fantasize his buddies would have already dropped their prices. He's a bully, but he's rapidly losing his edge, his shtick is losing its power and threat, and his "buddies" have watched him double-cross his most loyal and pathetic acolytes who dutifully paid their tributes to the King. The risk of obeying used to be less than the risk of disobeying, things have shifted.
Oil companies are as calculating, greedy, and ruthless as Trump, and the risk calculations have changed even if Trump (and you) don't see it. Neither of them are motivated by care for their customers or citizens, it's all about profit, and this is cash in time for any oil producer/refiner not in a Gulf state even if it screws Trump and consumers. Which is a calculated risk that pays off "bigly" for Iran.
Greed is a double edged axe.
@pattykimura No, its not all about profit. The greed in this case is bound up with nazi-fascist ideology; not recognizing that is a big mistake and robs civil society of the ability to anticipate their tactics.
Their next move will be to bring down the centrists in the EU, splintering it, and forming a white race axis from the pieces. Trumpists think that is what it will take to convince Russia to leave China's orbit.
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