Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world’s most critical oil transit chokepoints, according to media reports.
Any final decision on retaliation, however, will rest with the country’s Supreme National Security Council and le
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Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.
I really hope they do close it. Time for FAFO.
The world’s militaries will turn Tehran into rubble before they allow Iran to crash the global economy. The planet runs on oil. You don’t have to like it, but you better believe it.
As much as I hate how this is going to affect millions in the US and Iran, and elsewhere, who are already struggling, I don’t think anyone in the US will care unless it personally affects their own quality of life, so yeah, part of me agrees with you.
If the gas price skyrockets they will demand Donald’s head. Nothing pisses Americans off more than not being able to use their cars.
You sure about that? This is MAGA. They will fall in line and say “if Biden didn’t fuck this up in the first place… then…blah blah”
They are all Team players. They will bend the knee like before.
Demand for his head, I doubt. They’ll just call for a full invasion and taking of the strait and justify the strikes and invasion do to Iran closing it.
There is a portion of MAGA that won’t, sure.
But the majority will. This is a war of choice, not necessity, and you saw how quick people were to flip on Harris when it became clear she was comfortable with people being impoverished for no good reason.
I mean yeah but he’s already a dictator. We can’t vote our way out of this.
All these liberals just don’t fuckin get it yet…
You just lived through a period where people literally threatened their neighbors (and tried to kidnap a governor) with guns because they couldn’t get a haircut or get some cheesy biscuits at Red Lobster.
The worst sin Donald can commit is coming between Americans and the convenience that they equate with liberty.
And yes, there will be another vote.
The American people do love their bread and circus.
I’m not sure why Trump isn’t frightened by the prospect of the American people missing those things.
The vote may take place, but its not gonna matter. If he wants to stay in office, he will.
6-3 SCOTUS says the election didn’t mean what you thought it meant.
Bush v Gore was a lethal blow for American democracy.
I’m torn, because I’ve seen plenty to suggest the democratic process is still chugging along in the states. Let me know when the NJ/VA gubernatorial races are overturned.
At the same time, I’ve seen “Welcomefest” and the liberal doubling down on Palestinian genocide. I’m seeing liberals in Congress line up to support Trump in his Iran War. Liberals are bought into crypto. They’re bought in on school privatization. They’re bought in on defunding Medicaid and SS. They bought in on the deportations and the lawless arrests and the police violence
Too many liberals are supporting Trump in deed, while complaining in name only. How does an election fix that?
What you’re saying is there is actually a class divide that gets hidden by a manufactured social divide.
Ding ding ding. We have a winner!
could it be that Marx was right, then?
they’ll blame iran and then demand daddy donny fix it with more bombs. they lack the ability to see that trump is the entire cause of this nonsense
From what I understand, the US is now an oil producing country due to fracking so we won’t see results like the oil embargo of the 70s, just increases in prices. Increasing the price of oil will increase the profits to Republican donors. I do wonder what the products of the closure will look like.
It also increases Russian profits. 🤔
Maybe. Or maybe they’ll just keep blaming Palestine protesters and other Woke Leftists for doing a domestic terrorism by talking shit about the president.
It took a long long while for the median Americans to come around to Bush being a POS. Conservatives only really turned on him after he left office.
I can easily see our domestic media egging on our paramilitary DHS to do more fascism against the immigrants responsible for inflation. And I can easily imagine a lot of Americans convinced they’re who are to blame.
We’re a net oil exporter these days, thanks to hydrofracking.
https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
If the gas price skyrockets, (a) if it becomes really serious, it’s possible for the US to not export oil and (b) more US oil production will come online.
Loss of oil access was a potent lever against the US in the 1970s, but it isn’t in 2025.
We are talking 20% of global supply here.
The US can’t just buffer that for its own people. Also this affects all manufacturing and shipping outside the US going to the US.
And if the US doesnt share the consequences and deliver oil to its “allies” in Europe that will damage the relationships substantially.
And this administration has shown what signals of concern about that, again?
His supporters won’t demand anything, even the ones a raise in gas prices most directly affects. But let them eat shit in any case.