Iran oil revenue soars as it's the only exporter out of Hormuz

karim79

So it's either checkmate or MAD. Crazy times indeed.

trhway

why US wouldn't block those tankers? Is there 5-dimensional chess somewhere here that i don't see? One can also wonder what money and through which banks Iran is getting for that oil - i'd find it hard to believe that Iran would accept Chinese currency and store it in Chinese banks.

FridayoLeary

It's hard to see this as anything but an own goal from the Trump administration. Thoguh ironically they likely have an interest in Iran continuing to export oil to stop the prices rising even higher. I still think the timing is justified because if they had waited another 6 - 12 months Iran would have built up such a missile stockpile it would have been even more painful to attack them, and an untouchable Iran would absolutely destabilize the ME even worse then it was/is doing already.

lawgimenez

Tanker from Russia arrived here in Philippines, and it seems we will be getting oil from Russia now. Major geopolitical failure by the US.

zahlman

> Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon. If they'd cover it on TV news, it's probably off-topic. This doesn't tell us anything new (we've already had many stories explaining that oil prices have been elevated for almost a month now; the revenue is a natural and entirely expected consequence) and really only serves to give another place for people to shop around their preferred theories about the politics behind this, and to complain about whichever political figures they prefer complaining about.

mandeepj

A good time to be reminded - solar and wind doesn’t need to be exported out of Hormuz :-)

karim79

Netanyahu will let the whole world burn in a trash fire before getting to the point where he will need to face his corruption charges. He's a narcissistic and genocidal former furniture salesman. Human life is extremely cheap for him. There are really not enough arrest warrants on his disgusting person.