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> This seems relevant to the global stock/oil market overreaction. This is true, but as with the start of the tanker wars: > Initially, the Tanker War led to
by KaiserPro 8mo ago
> This seems relevant to the global stock/oil market overreaction.
This is true, but as with the start of the tanker wars:
> Initially, the Tanker War led to a 25 percent drop in commercial shipping and a sharp rise in the price of crude oil.
currently something like 90% of shipping is stopped.
But your general point about moving around it is valid, assuming that Iran doesn't attack refineries and distribution points. Last time Iran had to use artillery to attack shipping, this time they have better weapons