The effective closure of the Strait of Hormuz, through which 20 percent of global oil supply normally flows, has driven tanker traffic down roughly 90 percent, created a net daily supply shortfall of approximately 15 million barrels, and pushed U.S. gasoline prices to their highest level under either of Trump’s terms in office.
Proposed fixes including a Strategic Petroleum Reserve release, Russia sanctions relief, and naval tanker escorts are temporary measures that do not address the underlying problem, which is a war with no fixed objective, no coalition, and a partner in Israel whose war aims extend well beyond what Washington has publicly committed to.
Iran’s strategy of horizontal escalation, widening the conflict across nine countries rather than fighting to win militarily, mirrors historical playbooks from Vietnam and Kosovo that cost the United States dearly, and every week the war continues without a defined endgame locks more inflation into the global economy through energy, LNG, fertilizer, and food supply chains.
2 Comments
Good thing my car runs on petrol, not oil 👍
(Submission Statement)
—-
The effective closure of the Strait of Hormuz, through which 20 percent of global oil supply normally flows, has driven tanker traffic down roughly 90 percent, created a net daily supply shortfall of approximately 15 million barrels, and pushed U.S. gasoline prices to their highest level under either of Trump’s terms in office.
Proposed fixes including a Strategic Petroleum Reserve release, Russia sanctions relief, and naval tanker escorts are temporary measures that do not address the underlying problem, which is a war with no fixed objective, no coalition, and a partner in Israel whose war aims extend well beyond what Washington has publicly committed to.
Iran’s strategy of horizontal escalation, widening the conflict across nine countries rather than fighting to win militarily, mirrors historical playbooks from Vietnam and Kosovo that cost the United States dearly, and every week the war continues without a defined endgame locks more inflation into the global economy through energy, LNG, fertilizer, and food supply chains.