Earlier quoted context omitted.
The Ayatollah Booth is egg on the US's face regardless, but $2M/ship is about $1/barrel for perspective. Spot price is $95/barrel right now.
[flagged]
The US is stopping other countries from trading with Cuba and Iran. The US doesn’t have the “right” to do that, but it doesn’t need the “right”. It only needs power.
Iran has power over the Hormuz and is exerting it for what it deems is in its interest.
> Gulf States themselves will go to war over it
Maybe? But I doubt it - $1 per barrel amounts to like 1-2% of the price of oil. They may not like it but it’s not going to affect their bottom line nearly as much as closing the strait for 1 week will. A war with Iran would mean utter destruction of all oil infrastructure in the region, so probably better to pay 2% to avoid that.