“Effective immediately, the ​United States Navy, the Finest in ​the World, will begin the process of BLOCKADING ‌any ⁠and all Ships trying to enter, or leave, the Strait of Hormuz,” said Trump

  • radix@lemmy.world
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    16 days ago

    In about two days, there will be reports of massive volume of shorts on oil company stocks that occurred in the minutes before the announcement, then another day after that, nobody will talk about it again.

  • NONE@lemmy.world
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    16 days ago

    From mediocre incompetents to outright villains.

    Are they also going to block the ships that Iran and Japan agreed could pass through, for example? Are they really going to screw over a strategic ally like Japan just for…? You know what? Yeah, they definitely would.

      • limer@lemmy.ml
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        16 days ago

        Japan only attacked the USA in 1941 because of an oil embargo by the USA

              • grue@lemmy.world
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                16 days ago

                [visible_confusion.jpg]

                Yes it did. What do you think all those aircraft were launched from? They sure as Hell didn’t fly all the way from the Japanese mainland (or whatever the closest Japanese land-based airfield was at the time)! They didn’t have the range for it: aircraft with ocean-crossing range didn’t start showing up until the Jet Age, after the war.

  • Zahille7@lemmy.world
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    16 days ago

    I’m a little surprised everyone is mostly agreeing that he’s doing this because he’s stupid. I mean yes, he’s a fucking idiot, but someone told him to start a blockade. And as we all know from the first one a week ago, it’s only gonna jack up prices on literally everything even more than they are right now.

    It’s all a plan by the billionaire class that openly runs our country now to keep inflating prices so consumers don’t have anything.

    Edit: like c/BamboodPanda said, “Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything.”

  • limonfiesta@lemmy.world
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    16 days ago

    Can’t wait for the USN to start blowing up Chinese tankers and cargo ships.

    Or seizing SK and Japanese vessels for that matter.

    Are we going to prevent our most Asian important allies from receiving energy supplies that could prevent, or at least significantly delay, their complete economic collapse?

      • AdolfSchmitler@lemmy.world
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        16 days ago

        I keep seeing posts like this and they make a lot of sense. Do you have any recommendations on where someone might read up on this or should I just start googling stuff like “what happens when countries collapse?” “German economy after WW1” “currency collapse of ancient Rome” etc etc

        • limer@lemmy.ml
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          16 days ago

          Not op, and as far from an economist as possible. But I think there has never been a situation like this, ever, in the entire human race.

          I have no clue what will happen but I deeply feel most will have wrong predictions