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Iran starts Bitcoin-backed ship insurance for Hormuz strait

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91–100 of 737 posts

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#91
post #77
post #75

Earlier quoted context omitted.

They block Iranian ports so Iran can no longer export oil, that is doing a lot.

And Iran has blocked the strait too. It's at best a stalemate.

But this stalemate benefits US corporations by raising the price for oil, so its not really hurting the attacker. In order to hurt a plutocracy like USA you need to hurt the American stock market but American stocks are doing great.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#92

Iran could easily have garnered a lot of international sympathy and support. Instead, they attacked their neighbors, impacted the world economy, and now are basically asking for blackmail money: "nice ship you have there...". Maybe Trump should bomb them some more?

Ukraine also gave up its nukes. Look how that worked out for them and Europe.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#93
post #65

Earlier quoted context omitted.

In what way were they chased away? Iran tried to sink them and didn't hit any shots, and many on Iran's side died trying. Many IRGC soldiers dying and not even scratching the paint on US vessels doesn't show US to be weak. > Hilariously the USS George HW Bush had to go the long way around Africa rather than risk transiting the Bab El Mandeb after the Houthis defeated the US Navy last year. Valuing the lives of your c…

We are quite incapable of dealing with a mass attack by Iranian small boats with bombs.

They are not, they updated their tactics to account for that so they destroyed a lot of Iranian small boats with bombs trying to attack the vessels. If they were incapable of countering that we would have seen American casualties in these skirmishes but only Iranians died.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#94
post #85
post #81

Earlier quoted context omitted.

And what has this done to help Iran so far? Trump doesn't care about peoples opinions, US oil is making record profits thanks to the war so there wont be pushback from them, and Trump has 5 more months until midterms that is still plenty of time. The main thing it resulted in is the Europe led coalition that aims to ensure the strait will never get blocked again, so Iran can never play this card again, that will lose…

Survival.

In what way? What do you think would be different if Iran didn't block the strait?

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#95

Iran could easily have garnered a lot of international sympathy and support. Instead, they attacked their neighbors, impacted the world economy, and now are basically asking for blackmail money: "nice ship you have there...". Maybe Trump should bomb them some more?

Well it worked to get USA and Israel to stop attacking.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#96
post #67

Much of the post-WW2 American-led world order was founded partially on the United States using its military to keep international waters open. It would be quite stunning Iran defeated the united states in this sense. The military might is there, but this administration clearly had no idea what they were getting themselves into and did not plan accordingly. (and does not have the will or public support to do so) The b…

> United States using its military to keep international waters open Being a little pedantic, as per my knowledge, the Strait of Hormuz is not “international waters”. It’s territorial waters belonging to Iran and Oman. AFAIK, Iran hasn’t ratified UNCLOS either, and claims it is not subject to it.

All straits other than the Bosporus (which has some additional rights to Turkey given the proximity to a major city) are international waters for the purposes of free transit, under the Montreux Convention.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#97
post #91
post #77

Earlier quoted context omitted.

And Iran has blocked the strait too. It's at best a stalemate.

But this stalemate benefits US corporations by raising the price for oil, so its not really hurting the attacker. In order to hurt a plutocracy like USA you need to hurt the American stock market but American stocks are doing great.

That's true. Both USA and Russia should be quite happy with the current state of affairs. China not so much.

Rest of the world is quite pissed with USA. But that's just emotion. Unless it gets realised into something concrete it matters little.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#99
post #84
post #67

Earlier quoted context omitted.

> United States using its military to keep international waters open Being a little pedantic, as per my knowledge, the Strait of Hormuz is not “international waters”. It’s territorial waters belonging to Iran and Oman. AFAIK, Iran hasn’t ratified UNCLOS either, and claims it is not subject to it.

No, the Strait is international waters and always have been.

Wikipedia says it's been Iranian/Omani territorial waters for quite a while:

> In 1959, Iran altered the legal status of the strait by expanding its territorial sea to 12 nmi (22 km) and declaring it would recognize only transit by innocent passage through the newly expanded area. In 1972, Oman also expanded its territorial sea to 12 nmi (22 km) by decree. Thus, by 1972, the Strait of Hormuz was completely "closed" by the combined territorial waters of Iran and Oman.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#100

Much of the post-WW2 American-led world order was founded partially on the United States using its military to keep international waters open. It would be quite stunning Iran defeated the united states in this sense. The military might is there, but this administration clearly had no idea what they were getting themselves into and did not plan accordingly. (and does not have the will or public support to do so) The b…

Or is it posible this administration just took a win-win-win position?

1 - US oil and gas companies make money as oil proces rise. The US is the largest producer in the world.

2 - China loses it's major source of oil and gas.

3 - Iran gets neutralized. It may not look like it now, but it will probably end up that way.

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