He says other nations will have to guard and police the Strait of Hormuz as necessary, after his attacks on the country prompted Iran to target vessels in the crucial world shipping lane. Mark Stone analyses the Truth Social post.
He says other nations will have to guard and police the Strait of Hormuz as necessary, after his attacks on the country prompted Iran to target vessels in the crucial world shipping lane. Mark Stone analyses the Truth Social post.
A whole new transit network is not going to be there in time for the midterms. Venezuela’s oil industry isn’t what it used to be, and the US is a net exporter anyway, like you said.
Banning export might actually cure the symptom. The costs would not be zero either, though.
Banning export means everyone would charge import price -0.01$ per unit for their oil products, same as it is now. At least until storage is filled which will take a good bit of time (US strategic oil reserves are basically empty). The US gas prices aren’t high because there is no gas in the US, there is just more profit in selling it overseas.
I’m not quite sure I understand. Import to the US? Obviously, nobody’s importing from the US if there’s a straight up ban.