Considering that representatives from the Trump cabinet appeared to be surprised that Iran can and did block the strait of Hormuz, I’d say you are giving too much credit.
Also, the US is a net exporter of oil. National supply concerns aren’t the issue so much as global supply shock. Restrictions anywhere lead to price hikes.
Considering that representatives from the Trump cabinet appeared to be surprised that Iran can and did block the strait of Hormuz, I’d say you are giving too much credit.
Also, the US is a net exporter of oil. National supply concerns aren’t the issue so much as global supply shock. Restrictions anywhere lead to price hikes.