> Based on my back of the napkin math, the UK would need to export it's oil (yes, the UK is a net exporter of oil) at $350/barrel to cover that. In a vacuum th

> Based on my back of the napkin math, the UK would need to export it's oil (yes, the UK is a net exporter of oil) at $350/barrel to cover that. In a vacuum this isn't really a good-faith argument. It can be used to illustrate limited concepts, as another user did in this thread, but it's not really a valid point in general for anything. That's because the question of "what price of oil does [country] need?" only makes sense for countries where the supermajority of their GDP is based on resource extraction. UK to Iran is not a great comparison because only 4.5% of UK's exports are crude oil. https://oec.world/en/profile/country/gbr/ https://oec.world/en/profile/country/gbr/ Second, trade only makes up 30% of the UK's GDP, meaning it can and does better leverage its domestic production to meet domestic needs. Lastly, the UK has not been nearly as dependent on exports to balance foreign reserves as Iran is. Due to its uncommon status as a global financial hub, I think it has other ways to ensure it can continue to finance trade.