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Let’s just wait and see.
They can not print oil. They have suppressed oil prices by selling from the SPR. No one really knows what they have. I do not believe for one minute that their stockpiles are running low. There is definitely an active spin campaign online and on YouTube, X ect.. to exaggerate Iran's ability and to show the incompetence of the American administration. I think it is true on both points to some extent.Iran’s biggest mistake was agreeing to the ceasefire. They had trump cornered with his “civilization will end tonight” and should have called his bluff and been ready to set fire to the entire world economy.
Instead Trump got an off ramp and oil shorts crushed oil down and equities rallied for 2 months.
Now it gets a chance to call his bluff again. This time I hope the weak Qalibaf and Argachi stooges don’t give trump an off ramp.
If the world doesn’t feel pain then the bully will not learn his lesson.
This has all the makings of a prolonged conflict.
It's not hard to look up current US gasoline inventories. For week ending 3 July, they are down again by 1,904 thousand barrels.They can not print oil. They have suppressed oil prices by selling from the SPR. No one really knows what they have. I do not believe for one minute that their stockpiles are running low. There is definitely an active spin campaign online and on YouTube, X ect.. to exaggerate Iran's ability and to show the incompetence of the American administration. I think it is true on both points to some extent.
I think Iran acted with advice from China, with Pakistan acting as a Chinese proxy, and agreed to a ceasefire. Iran needed to get supplies in for the next round, possibly for months.
The world is feeling pressure. The American people are under extreme pressure. No one is happy with this asshole. The polling shows how much hatred the American people are feeling towards the jews mostly the Zionists. This is a game of chicken, and someone is going to blink, and I think it will be Trump. Iran should start systematically destroying the PGCC oil infrastructure, starting with Kuwait. That fake country will fall apart within weeks. For sure, the borders will be redrawn when this conflict is over.
It has already been going on since February.
Yes, it's been long now it threatens to become prolonged.
For Pakistan it's the ultimate Shakespearen tragedy.
It's not hard to look up current US gasoline inventories. For week ending 3 July, they are down again by 1,904 thousand barrels.
For week ending the 10th, those figures will be published tomorrow night.
Unlike some folks here who cling to Brent crude prices, I look at inventories of refined products. Gasoline and #2 diesel are both feeling pressure.
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