Earlier quoted context omitted.
China can't transition that fast. China has a lot of oil in storage but if the current situation continues or gets worse they are hurt. The US is a net exporter of oil so is okay though some areas use middle east oil and are hurt too. This will take a long time to play out. Discount every short term prediction as both Iran and the US are forced to play a long game.
How does being a net exporter even help? There's a global market and prices rise globally. US companies and consumers will pay more no matter if we're importing or exporting.
Iran will impose fees on subsea internet cables in Strait of Hormuz
81–90 of 146 posts
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#82"Esfandiary, of Bloomberg Economics, said Iran “theoretically knew” it had leverage over the strait but was uncertain how significant the impact would be if it acted on those threats. Now, she added, Tehran “has discovered the impact.” The thing that mystifies me is that U. S. war planners "theoretically knew" this, too; at least, I would assume. The whole war strikes me as the current administration finding out the…
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#83Earlier quoted context omitted.
>What makes Iran believe unilateral fees on subsea internet cables would be paid? Presumably because they will attempt to destroy them if the fees are not paid.
They're just trolling the US. But if the US attacks and Iran again and Iran feels that the cables are vital to US military interests, they might destroy them. They have a right to: The cables cross the territory of the sovereign Iranian state.
The strait is not and has never been Iran's sovereign territory. Or should the UAE and Oman start trying to charge fees to ships trying to cross the strait too?
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#84Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#85This is just so incredibly embarrassing. We're now negotiating to end a war with a country we have claimed to have defeated like 500 times now, over terms that will not even just return the region to the pre-war status quo, but (most likely) giving them more power than they had when the first bombs were dropped. Not to mention shattering the illusion that the US can somehow protect the gulf states, along with most of…
> Why would Iran not want to build nukes now? It would be suicidal not to. I feel like we have enough examples to be clear on this now, would you rather your country be treated by the major powers like Libya, Ukraine, Iraq... Or like North Korea.
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#86"Esfandiary, of Bloomberg Economics, said Iran “theoretically knew” it had leverage over the strait but was uncertain how significant the impact would be if it acted on those threats. Now, she added, Tehran “has discovered the impact.” The thing that mystifies me is that U. S. war planners "theoretically knew" this, too; at least, I would assume. The whole war strikes me as the current administration finding out the…
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#87Earlier quoted context omitted.
Iran is the one blocking the strait, not the US.
The chain of events did not start there. 20 years ago it was not blocked, although it well could have been. ie A car hits a pedestrian. Claiming the pedestrian did damage to the car's fender misses the context of the conflict.
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#88Earlier quoted context omitted.
Iran is blocking transit of ships bearing the flag of countries it opposes. The US is blocking all other ships of countries Iran supports.
This might be outdated, but last I heard the US was only blocking ships going to/from Iran and ships which paid Iran's protection money, right? Not all traffic through the strait? And for Iran it seems "countries it opposes" is basically everyone...
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#89This is just so incredibly embarrassing. We're now negotiating to end a war with a country we have claimed to have defeated like 500 times now, over terms that will not even just return the region to the pre-war status quo, but (most likely) giving them more power than they had when the first bombs were dropped. Not to mention shattering the illusion that the US can somehow protect the gulf states, along with most of…
> Why would Iran not want to build nukes now? It would be suicidal not to. I feel like we have enough examples to be clear on this now, would you rather your country be treated by the major powers like Libya, Ukraine, Iraq... Or like North Korea.
Re: Iran will impose fees on subsea internet cables in Strait of Hormuz
#90Earlier quoted context omitted.
This might be outdated, but last I heard the US was only blocking ships going to/from Iran and ships which paid Iran's protection money, right? Not all traffic through the strait? And for Iran it seems "countries it opposes" is basically everyone...
Iran was quite happy to let Chinese and Russian flagged ships to pass. Now, the US is blocking those as well as anything heading toward Iran. The US recently had a short lived Operation Dumb Name to have the US Navy escort ships out of the straight. It lasted less than 48 hours.