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MARTI0141's avatar

There is plenty of spare capacity for oil.

The whole situation would blow over in less time than you could imagine - PROVIDED no one comes to Iran's assistance or bolster their supplies.

The EXPECTATION, is that Israel will NOT attack oil infrastructure, to avoid irritating their allies - opting instead to focus on refining & products to have a more direct effect on only the Iranian economy.

The EXPECTATION, is that Israel will NOT hit anything (including nuclear facilities), this side of the US election.

Therefore, I don't think it is unreasonable to suggest that the OPPOSITE might happen for both, and much sooner.

The real problems would begin, IF, one of our enemies saw an escalation in the Middle East as an opportunity in some other part of the world whilst we were all distracted?

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Frank's avatar

What will happen if Iran, with the Houthis help, closes the Straits of Hormuz, and no oil tankers can pass?

Won't there be quite some shortages, and prices will rise a lot?

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