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"Little Marco" Wants China To Make Iran Keep The Strait Of Hormuz Open [View all]
Imagine that. 20% of the world's oil passes through that Strait. The final decision rests with Iran's National Security council.
There are problems for Iran to completely close off the Strait; China is friendly with Iran and is its biggest oil customer. The US 5th Fleet is patrolling the Persian Gulf just to keep shipping lanes open.
IMO Iran will do specific targeting of vessels, will use mines, will harass tankers, I don't think it will totally shut it down. Eventually our 5th Fleet would open it back up but that would take longer than a couple of days.
Regardless, $100 per barrel oil is on the horizon, if a Democrat were president it would already be here.
11 replies
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