Donald I, emperor of the world.

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Dorset Boy

Well-Known Member
I won't be surprised to see oil prices increase. I suspect Iran doesn't have to "close" the Strait of Hormuz. Just fire a few missiles towards the odd tanker now and again (even if intercepted) and the ship owners/insurance companies will be keeping their rankers in dock. Too risky to pass the Strait.

Something like 20% of the world's oil passes through Hormuz.
Oil prices will spike as a result of those tankers going nowehere or taking a looong route to their destinations
 

BoldonLad

Old man on a bike. Not a member of a clique.
Location
South Tyneside
Something like 20% of the world's oil passes through Hormuz.
Oil prices will spike as a result of those tankers going nowehere or taking a looong route to their destinations

Geography isn’t my strong point, but, is there an alternative sea route out of the gulf, excluding Hormuz?

Wasn’t this the issue in the past (Iran / Iraq war)?, I was working in Dubai at that time, lots of business for Dubai Drydocks, patching up tankers.
 
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Dorset Boy

Well-Known Member
Geography isn’t my strong point, but, is there an alternative route out of the gulf, excluding Hormuz?

No gthere isn't, I think you head south and then back up to the Suez Canal, but insurers might not be keen on that forcing a re-route around Africa, as when the Evergreen blocked the canal
 
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BoldonLad

Old man on a bike. Not a member of a clique.
Location
South Tyneside
No gthere isn't, I think you head south and then back up to the Suez Canal, but insurers might not be keen on that forcing a re-route around Africa, as when the Evergreen blocked the canal

I think the problem is, Kuwait is in the gulf, Karg Island is in the gulf. You want to load up with gas or oil, no option but to go in, via Hormuz, then, exit, fully laden, via Hormuz.
 
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CXRAndy

Epic Member
And right on cue, the DoJ shuts down the Epstein investigation.

Not quite, some elements have been concluded.

If however you have new verifiable evidence of wrongdoing. Specifically the person you hate-Trump.

Publish it
 
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