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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.
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.
Same line he used shortly after the Feb 28 attacks.
Its clear Iran has not been able to set up deterrence, they will need to respond disproportionately, likely to those countries that are allowing their territories to attack Iran. If you take them of the chess board the US has limited means of attack (by sea or via Israel).
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