Magi
Registered Member
For years the philosophy behind Iran closing the Strait was if we can't export oil freely, PGCC can't either.It is worse for Iran for sure. Iran needs to do something about the US blockade.
Now:
- US is blockading Iran and cutting off China.
- Yanbu and Fujaira running full steam keeping oil prices down.
- Iranian civil industrial capacity has suffered immense damage.
There cannot be a ceasefire while Iran is blockaded. The proper answer to the blockade is leveling Yanbu and Fujaira facilities but that doesn't seem likely.





