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Replies to #9422 on Viewer's Choice
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e-ore

05/28/21 8:45 AM

#9423 RE: littlejohn #9422

"Iran wants to be able to use the threat – or reality – of closing the Strait of Hormuz for political reasons without also completing destroying its own oil exports revenue stream,” he said. Indeed, any such blockade of the Strait of Hormuz by Iran would not only be extremely effective for whatever political Tehran might have in mind but would also financially benefit Iran as oil prices would rise significantly from such an action."

https://oilprice.com/Energy/Crude-Oil/Sanctions-busting-Iranian-Pipeline-To-Make-First-Shipment-In-June.html