And the hits just keep on coming for Emperor von Shitzinpants:
Link: US Navy tells shipping industry Hormuz escorts not possible for now | Reuters
"LONDON, March 10 (Reuters) - The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter.
The Navy's assessments spell continued disruption to Middle East oil exports and reflect a divergence from President Donald Trump’s statements that the U.S. is prepared to provide naval escorts whenever needed to restart regular shipments along the key waterway.
Shipping along the narrow strait has all but halted since the start of the U.S.-Israeli war on Iran more than a week ago, preventing exports of around a fifth of the world’s oil supply and sending global oil prices surging to highs not seen since 2022."
This translates to little or no shipping traffic through the busiest shipping channel on the planet. This means little to no oil tankers passing through. This means the cost of gas at the pump will continue to steadily rise for the foreseeable future. This means the price of other commodities will rise as well as the effects of a world oil shortage ripple through nation's economies.
And to think we owe it all to 'Don & Bibi's Grand Iran Armageddon Adventure' as we watch it continue along it's horrifying way with no clear or coherent end in sight.
---TFG
No comments:
Post a Comment