#hormuz blockade

[redlettermediathings]

[punishedsaints]

““““““““““““““OPINION””””””””””””””

[hussyknee]

Is anybody else getting December 2019 vibes rn or? We do understand that we're heading into a global economic crisis in September that's going to make the OPEC one in the '70s look like a speed bump right? Right?

[thoughtlessarse]

Iran's economy looks set to withstand US naval blockade

A US naval blockade of Iranian ports is likely to squeeze Iran's oil output in the coming weeks but claims it will throw the Islamic republi

A US naval blockade of Iranian ports is likely to squeeze Iran’s oil output in the coming weeks but claims it will throw the Islamic republic into economic free fall remain premature, analysts say. After weeks of bombing and counter-strikes, focus has shifted to the standoff in the Strait of Hormuz, which ordinarily carries around a fifth of the world’s oil and liquefied natural gas. In response to Iran’s blockade of the Strait since the start of the Middle East war, the US imposed a counter-blockade of the Islamic republic’s ports, a push to force its leaders into a compromise in peace talks. That bid, however, looks set to fail, at least in the short term. “If the blockade lasts for more than two or three months, it can cause more damage” to Iran, economic analyst and professor at Shahid Beheshti University in Tehran, Saeed Laylaz, told AFP. “If Iran suffers any damage, the damage to the countries in the southern Persian Gulf will definitely be greater,” he added. There’s a limit on how long Iran can bide its time, however. Arne Lohmann Rasmussen, chief analyst at Global Risk Management, said Iran “was expected to run out of storage capacity within approximately one month, but it may already be forced to shut in part its oil production within a couple of weeks”.

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[thoughtlessarse]

Ranked: EU nations with cleanest energy mix to save 58% more on bills

Consumers in five EU countries will save up to €8.5 billion on their energy bills this year, compared to those with the dirtiest energy mix.

...energy mix. EU countries with the cleanest energy mix will be cushioned from the soaring price of oil and gas, as the war on Iran continues to highlight the true cost of fossil fuel reliance. Within two days after strikes hit the Middle East, Dutch TTF (the benchmark for wholesale gas prices across Europe) prices spiked by 68 per cent to €52.8 per megawatt-hour, the highest level in two years. At the beginning of this week (Monday 20 April) Dutch TTF was trading at a much lower €40.2 per MWh. The dip comes after signs of major de-escalation amid a two-week ceasefire, but it is still significantly higher than before the conflict began (€31.5 per MWh). Much of the volatility is down to Iran’s stranglehold on the Strait of Hormuz, a 38km passage that carries around one-fifth of global oil and gas supplies. In March, liquified natural gas (LNG) exports to the EU dropped by 11 per cent. This spurred the EU's energy commissioner to recommend that countries fill their stocks steadily over the summer to “mitigate pressure on prices and avoid an end-of-summer rush”. It has also paved the way for a rapid interest in home-grown renewables, which are increasingly being touted as a more stable investment in light of geopolitical tensions. “There are no price spikes for sunlight and no embargoes on the wind,” UN Secretary-General António Guterres said last month.

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[rwatimes]

Hezbollah rejects US-brokered Israel-Lebanon ceasefire, complicating diplomacy

Hezbollah rejects the US-brokered ceasefire with Israel. US-Iran meeting by April 30 at 100% YES.

➤ Hezbollah has rejected a US-brokered ceasefire with Israel, increasing diplomatic friction. ➤ Despite the rejection, prediction markets show high confidence in a US-Iran diplomatic meeting and a potential Trump endorsement of the ceasefire. ➤ Market activity, particularly around the Hormuz blockade, indicates trader expectations for a prolonged resolution timeline, with thin liquidity making markets vulnerable to shifts.

[khabrbite]

Trump’s Hormuz Blockade: Why India, China, and Europe Could Be the Real Victims of US-Iran War?

[cyanide-sippy-cup]

Blocking access to a resource that isn't yours as retaliation against the people you bombed and threatened genocide against really shouldn't be possible, and yet here comes America. At this point the US should really just be used to find the points international law is lacking, cause we're speedrunning finding them.