Yves here. This post, where a supposedly well-informed executive dismisses the idea that Iran would close the Strait of Hormuz, a key chokepoint for oil transport, is yet another example of wishful thinking among the investor classes.
And that complacency looks as if it will be tragic. If as many commentators believe, Trump does commit to Iran, these investors did not price that in beforehand, and that is across a huge swathe of risky assets like stocks. We pointed out that investors voting with their feet, by dumping 10 and 30 year Treasuries when Trump launched his Liberation Day tariffs and then got into a tariff hike pissing match with China. It is widely assumed that the Trump retreat (cutting the China levies and lowering the tariffs on other states) was due to the Treasury market upchuck.
If investors were taking war risk, particularly World War III and/or nuclear war risk, as seriously as they ought to be, all sorts of investment categories would have a serious case of the jitters. I am old enough to recall Operation Desert Storm. Stocks had fallen markedly before the launch of the campaign; they jumped sharply when the first-day action went well, illustrating that investors were concerned that the operation could go pear-shaped and were relieved when it didn’t. Even so, American citizens remained cautious. I was commuting weekly to Chicago and the planes were at best 1/3 full for the following months.
So financialization is contributing to a polluted information environment. Donald Trump may believe that if attacking Iran were really all that hazardous, all those well-informed investors would be telling him so by lightening up on equities. Their failure to cut exposures is evidence that the odds of success are high. But this also looks to be led from the top. Due to competing duties, I have not had a chance to check the Fed remarks on its latest rate (in)action and outlook. But a search of the write-ups by Wolf Richter and Michael Shedlock show no Fed mention of war risk.
Back to the headline matter, the question of whether Iran will close the Strait of Hormuz. Recall that we have pointed out that Lloyd’s List, which knows a thing or two about shipping, has said:
Any conflict between Israel and Iran would likely render the Strait of Hormuz closed to shipping, BIMCO’s chief safety and security officer Jakob Larsen said….
Any clash between the two “would be of the greatest concern to shipping in the Middle East Gulf and adjacent waters”, Larsen said.
“While the most likely scenario might not directly impact shipping, any attack will have a certain potential to escalate and impact shipping, as well as implicate military forces of other countries operating in the area, including the US.
“A full-blown armed conflict between Israel/the US and Iran would most certainly effectively close the Strait of Hormuz at least for a period of time and drive up oil prices.”
Security sources have pointed out that there is currently no direct threat to shipping, but in a region where situations can escalate extremely quickly, mariners are being urged to exercise caution when transiting though the Middle East Gulf and surrounding waters.
In light of the view above, we have also pointed out that Iran might not even have to close the Strait of Hormuz, as in take some sort of military action. Enough threat display or even noise-making might lead vessel and cargo insurers to quit issuing policies or price them so high as to make continuing to operate in the Persian Gulf an unattractive proposition. We’ve also linked to stories showing that tanker rates in the Gulf have already jumped.
Reader Safety First pointed out:
Strait of Hormuz.
The commentators I’ve heard talking about it seem to not remember the Iran-Iraq War. During a portion of which Iran quite successfully interdicted tanker traffic in the Gulf by, I kid you not, dropping some WW2 era mines off the backs of motorboats. Apparently, tanker captains are loathe to sail in waters where there is even the possibility of being blown up by a mine. Sissies. Anyhoo, this caused the US to remember that it did still have a small fleet of mine-clearing ships, of which something like eight hadn’t managed to rot in the dock yet, and had to rush them all the way across the Atlantic to clear the waterways.
But my point is, I doubt that Iran has forgotten, and these days besides mines we have things like airborne and waterborne drones. Plus the Houthis on their side of the Arabian Peninsula, next to another maritime chokepoint. So for a short period of time closing the Strait is trivial even without a functioning navy – keeping it closed would require more drastic measures, of course, but will more than a month of oil above $150 really be necessary? The flip side is, of course, that this is Iran’s “nuclear option”, and I doubt they would utilize it until and unless they absolutely had to.
I am not sure I agree with Safety First’s closing claim. In terms of retaliation, the Iran has already threatened to strike US bases and assets in the region if the US attacks. Going there would seem to be a bigger escalatory move, particularly if Americans died, than closing the Strait. The US would have to make a very forceful response, and that sort of punishment could serve as the justification for nuclear deployment. Perhaps I am missing something, but I don’t see closing the Strait of Hormuz as justifying that level of response. But then again, the US may be planning a nuclear strike regardless if it gets in enough hot water.
Regardless, as readers will see soon, the airy dismissal below is stunning. Iran won’t close the Strait of Hormuz because it would be hurt too? This will be an existential struggle for Iran. They recognize they will have to take more pain than what they are suffering now from Israeli airstrikes. The fact that market participants can’t recognize the obvious is striking.
By Charles Kennedy, a writer for OilPirce. Originally published at OilPrice
- Despite the strategic importance of the Strait of Hormuz, oil markets currently show little reaction to escalating regional tensions.
- Eni’s CEO predicts Iran will avoid closing the Strait of Hormuz due to self-inflicted economic harm.
- Regional buyers, such as Indian refiners, are proactively increasing oil purchases from alternative sources like Russia and the US to mitigate potential supply risks.
The Strait of Hormuz may be one of the most strategically sensitive energy corridors in the world, but the oil market isn’t blinking, yet, with Eni CEO Claudio Descalzi predicting Iran will not be able to afford this option.
Brent’s muted response at around $77 per barrel on Wednesday, signals that traders see the odds of an actual closure as remote, despite intensifying hostilities between Iran and Israel.
“It would be very difficult to stop the Strait of Hormuz, because everybody would be affected, including Iran,” Descalzi told Reuters on the sidelines of an industry event. “I think they are more rational than that.”
It’s a risky bet. Roughly 20% of the world’s oil and LNG pass through this narrow maritime bottleneck. Iran has rattled sabers before, but never followed through. Descalzi argues it would be self-defeating: Tehran’s own exports would suffer, and the U.S. would not sit idly by.
Still, market complacency is being tested. Freight rates for tankers surged 40% in five days, showing risk premiums are creeping in. That’s no surprise: a single incident could roil flows overnight.
Some analysts warn prices could spike $30 in a worst-case scenario, with Asian refiners hit hardest. That includes China and India, who consume the lion’s share of Gulf exports. They’re quietly reshuffling trade routes and eyeing West African barrels and longer-haul contracts.
For Eni, the Middle East instability lands as it tries to reshape itself. The company is pushing a €2 billion capital raise by selling part of its Plenitude renewables unit, redirecting cash toward biofuels and low-carbon hydrogen.
Descalzi’s warning underscores how markets are pricing in rational restraint, but regional buyers aren’t taking chances. Indian refiners have already ramped up purchases from Russia and the U.S. for June to offset potential Gulf disruptions.
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Definitely. No other option.
The Western countries are complicit in destruction
I think I have found the fundamental flaw in the reasoning of those oil-industry analysts:
“Descalzi argues it would be self-defeating: Tehran’s own exports would suffer, and the U.S. would not sit idly by.”
I consider the bombing actions taken against Iran so far as a predictor of what Israel and the USA will do in the future: bomb Iranian oil and gas fields, refineries, terminals, and storage infrastructure.
From that perspective, Iran will not be hurt by a blockade of the strait of Hormuz — because its capability to export hydrocarbons will have been disabled anyway. Fundamentally, Israel and the USA destroying Iran’s energy infrastructure is the event that will trigger the closure of the strait.
Iran is #3 in proven oil reserves, but iirc not so easy to get at, and thus a long-term resource. Iran is also, like Russia, experienced in enduring sanctions.
As Yves said, this is existential for Iran. If the Middle East oil fields all burn, it would impact USA, EU, and India the mostest, as their consumption baseline is the highest. Are those friends or foes of Iran?
Closing the Strait of Hormuz is a temporary solution that only works if relations get normalized. How likely is that? From ‘An Iranian Worldview: The Strategic Culture of the Islamic Republic’:
> The experience of two and a half millennia of turbulence and change has instilled in Iranians a predilection for playing the long game: perseverance in adversity and not revealing too much of one’s intentions under duress or in negotiations.
> With the old consensus crumbling, recent developments suggest that the supreme leader—and his orbit—are intent on bringing an end to structural and factional divisions by replacing plurality with an absolutist theocracy.
What better way to tear down western imperialism than by wiping out the energy inputs? The EU is in disarray after the Nordstream explosion. That’s just one pipeline.
This isn’t necessarily The Plan. But it’s a viable option for Iran.
[usmcu.edu/Outreach/Marine-Corps-University-Press/MCU-Journal/Journal-of-Advanced-Military-Studies-SI-2022/An-Iranian-Worldview-The-Strategic-Culture-of-the-Islamic-Republic/]
I think that you may be right. I was reading somewhere how Iran some time ago decided that at the point that their energy infrastructure was destroyed and that they could no longer export oil and gas, then they would slam the door on the strait of Hormuz so that nobody could export oil easily. The US calculation may be that as they produce their own oil, that it would be no skin off their nose and there may even be an opportunity to makes some more money exporting more. But having Hormuz shut would lead to all sorts of knock-on effects for any country that ships oil, gas or whatever through there which is much of the world’s economy which would eventually hit the US. And as the US and its allies could not make Yemen stop targeting passing ships passing by their country, how would anyone stop Iran doing so for ships here?
I can’t think of a reason to not shut down the straits if the US attacks. The US is dependent on foreign bases, so the host countries are particpants. They should feel pain at this point given US and Israeli behavior.
Trump is under pressure to look like a big man and lacks patience.
it is my understanding that all that frakked oil we in the usa produce is light sweet, and for export.
our domestic refineries switched to heavy sour a long while ago(i remember seeing the giant cracking tower being craned into place down in pasadena, texas with my dad)
iran, venezuela…and maybe nigeria(?)…are heavy sour producers…which is yet another reason the empire has had a woody for invading them.
Which is kind of dumb since the Alberta oil sands are, as I understand it, themselves a source of heavy, sour crude
i’ll send in the mornin, after ive heard from you all.
and theres 2 more installments, waiting in moderation.
ima call for a general strike.
whothehellknows,lol.’
make it frelling viral and see what happens.
which pebble will it be?
Reportedly, the Iran China railway opened in May 2025 cuts transport times from 30-40 days to 15 days.
Hormuz is not even necessary for Iran’s export of oil to its largest customer.
However, if the China railway is bombed, and oilfields cease production. then the risk of widening the war spirals rapidly, as China will inevitably be sucked in.
I cannot see the Chinese allowing this to happen without retaliatory action, and they have the power to make life much more difficult for the American economy, without seriously damaging their own exports, as these were only 15% to the USA in 2024.
Even something relatively simple like a total ban on rare earth exports would soon have an impact, and especially in the US defence sector.
The knock on effect to the 47 regime has to be evaluated now, before 47 decides to bomb Iran, because he ‘likes’ Bibi and so widen Netanyahu’s war from regional to global.
Rail is easy to repair. Railroad interdiction requires taking out bridges and locomotives to be successful.
Please tell me how China operates so far from its theater. I don’t see it.
Ukraine is further away from North Korea than China is from Iran. Just saying.
Yet they only have to cross one border to participate in, say, Kursk counter-attack.
Allegedly already three Chinese military cargo planes have landed in Iran, enough to deliver two batteries of HQ-22 medium-to-long range air-defense platforms.
That would be about one 4-missile launcher per operational B-2 Spirit. Just saying.
> Hormuz is not even necessary for Iran’s export of oil to its largest customer.
How many rail tanker cars would it take to replace the current sea route capacity? I find it difficult to imagine that there is anywhere near enough spare rail capacity.
I was just wondering. Regardless whether Iran can actually block ships physically in an effective way, wouldn’t the threat of missiles and mines (i.e. turning the Strait of Hormuz into a war zone) simply make the shipping there un-insurable? In that way shipping would stop or become severely restricted. Iran can launch missiles from deep inside their huge country and drop them into the Strait of Hormuz. Which insurer is going to take that risk?
It appears you did not read the post, as required by our site Policies. That’s covered in the introductory section.
Two Chinese signals intelligence ships are reported to be operating in the Persian Gulf (Equivalent of USN AGI). They can track and notify Iran of any inbound aircraft, missiles, TACOs and other foreign red objects.
Crude futures now trending upward:
https://www.tradingview.com/x/jQ3a4Qjq/
Perhaps the reality of a prolonged conflict is starting to settle in ?
But isn’t this exactly what U.S. oil companies want? Here, for example, is Chevron:
https://finance.yahoo.com/quote/CVX/
Europe, especially, will pay through the nose for US hydrocarbons and say “Thank you, sir” to Mr. Trump.
IMHO not a serious pricing of risk until it gets over $85..
WTI bouncing around $75 right now, +2.5%. Rated by many as a strong buy…
Closed just under $74. If, as Sy Hersh reports, Trump’s plan is now to attack Iran after markets close on Friday, we’ll have to wait until next week to see what happens with oil prices.
US/NATO minesweeping capabilities severely atrophied since the mid-80’s—another side-effect off funneling MIC spending to sexier, higher-margin systems from unsexy functional and necessary needs.
of course, sending minesweepers also means sending escorts to protect minesweepers. but he’s the laughable kicker—the US stopped building frigates (relatively smaller ships) which would be a natural complement for minesweepers (US Navy still has many, but given the likely firepower of Iran, they would be swamped by Iranian missiles in the strait).
US warship firepower is concentrated in destroyers and cruisers—-which would need to stay and protect its parent carrier. Using European warships would work, but it sounds like they are all bark and not bite.
Seeing how Trump has been quiet for 24 hours, maybe someone listed the possible escalation routes for Iran
USS Canberra (LCS-30) is in theater with the mine countermeasures mission package. Two more Indy-class ships are supposed to also deploy to the Gulf. No idea if the timeline could be modified given current events.
As far as CRUDES types, if Nimitz joins Vinson in the NAS I could see a couple destroyers getting pulled off for the Gulf.
The CEO is perhaps taking Netanyahu and his band of lunatics at their word that this “Operation Rising Lion” will be a quick two week demolition job of Iran and feels justified in plugging his ears and covering his eyes. Or it could be that his strangely cavalier appraisal of the situation is based on its inconvenient timing (ie during a capital raise) and its potential to fundamentally alter the risk profile of energy assets and investor appetite for such assets.
Iran is/will be in a titanic battle for survival and will do whatever it needs to do to inflict maximum harm on those attacking it. The concerns and opinions of western executives will likely not feature at all in its calculus.
I follow a few commodities analysts on X and the general consensus I have seen is that Iran will not close the straits, because they have threatened this in the past and not done so. Dumber (i.e. equity) analysts are very complacent arguing that energy markets always rebound after geopolitical event initial shock wears off. These strike me as examples of the farmer’s turkey metaphor – every day until Thanksgiving the turkey is confident in the benevolence of the farmer who feeds him.
That’s the entire US equities market. Buy on dips! S&P is back near all time highs, nevermind the dismantled federal civil service, the tariffs, China’s signaling that it’ll at least continue with the rare earth licensing regime, and now a fresh war with Iran.
The only part where I agreed with ENI CEO Descalzi is when, speaking about Iranians, he said, “I think they are more rational than that.” True, and I would add, unlike Trump and Netanyahu, Iranians are not vindictive.
Yet, faced with a massive bombing campaign, I think it goes without saying you don’t want the US military anywhere near the Persian Gulf. Thus, they surely have a plan to close the Strait of Hormuz.
Time is not on Trump’s side. In Desert Storm and Desert Shield the US planned an invasion. It made a formidable troop buildup, first in Saudi Arabia and the latter war in Kuwait. Trump has simply moved military equipment into the area in order to bomb Iran. He needs a rapid success, whatever that means, and which, imo, is unlikely. And bear in mind, in 1991 and 2003 Russia and China were weak and unable to do much. With the Strait closed time is on Iran’s side and pressure mounts on Trump very quickly, lest Americans finally see Trump and Netanyahu as little more than dangerous criminals.
Excellent post, Yves, and I hope it gets circulation beyond the usual circuit of alt-news sites. Commenters have already touched on this, but the overarching analytic error on the part of “the west” since 2022 has been to fail to recognize that they are attacking relatively stable societies that regard these assaults as existential and will not back down. And, the actions of “the west” have drawn them into a powerful alliance. As you note, of course closing the Strait is an option, and a flexible one that is preferable to attacking US bases and making bloody shirts for Trump to wave around.
The West is very confusing. In Ukraine Starmer and Macron are gung ho for a military intervention while Trump seeks to bring about negotiated settlement.
In Israel / Iran conflict Starmer and Macron are calling for negotiated settlement while Trump appears poised to intervene militarily.
Quality of “analysis” may be directly related to quantity of campaign funding.
I have also been noting that gold has been slowly sinking since the weekend – my interpretation also was that the pysops / propaganda (Israel easily is destroying Iran) – has worked against both politicians (paid to believe it) and investors – I see no evidence that public opinion matters anymore in the West. One wonders how far the US military believes the propaganda – they certainly underestimated everything in Ukraine re: US weapon performance / Russian military performance.
Listening to Prof. Marandi talk with Glen Diesen, Prof. Marandi argues Iran will also stop central caucus oil flows to the west, hitting the pipelines.
I don’t know what Iran will do or what its risk reward analysis might be to shutting the straits.
Thoughts:
If the Sunni emirs and MbS Saudis repent of their support for Israel they may embargo EU and U.S.
US is reported to move assets out of Al Udeid near Doha and USN ships out of Baharain. Al Udeid also hosts a Qatari long range radar, similar to the newer Taiwan radar both by Raytheon, maybe Qatar wants it safe.
Trump mumbling anbout assassinating Khameini. Pure evil competing with an Israeli minister.
Iran has legs in this war, it has infinitely better assets than Israel and the U.S. won’t have more success against Iran than the Houthi, who showed that ground penetrating bomb can’t t collapse enough target to matter. Those AI flicks about them ignore several degrees of difficulty.
Did I say above this will be a long affair, partly to bleed US as it is dumb and will waste assets like in Kiev.
Last, if this goes on Iran can close the Strait when more contribution to strategy.
A restriction of shipping to only China may be an option.
Last week’s DoE petroleum inventory report showed a bigger than expected draw on crude. “Draw” is misleading going down the report the cause is reduced imports the past several weeks. I wonder why with a crisis in Israel less imports, maybe a few refineries in maintanence.
WTI has to me been tame.
Maybe Trump goes TACO easily.
Yes! This war isn’t about the USA, yet. The war is about Israel. Those Gulf countries may not want to cross USA but they and their citizens would love to stick is to the genocide monsters. So the collected Gulf countries decide to have their own little embargo. Just 20% of the world oil market. No need to formally close the Strait, just Muslims hanging together instead of hanging separately. Everyone agrees to (dramatically) reduce available oil or Iran can close those reluctant countries oil exporting ability using a few short range missiles while the Strait remains clear. Would give the Gulf countries an opportunity to show they are dialogue and negotiation amenable. Israel would freak if the Muslims started acting in unison.
Here’s a short list of some articles regarding the narratives that some stock market participants are telling themselves about the potential impact of events:
https://www.morningstar.com/news/marketwatch/2025061798/a-popular-new-mantra-says-investors-would-be-better-off-ignoring-the-news/
A popular new mantra says investors would be better off ignoring the news
https://www.morningstar.com/news/marketwatch/2025061668/why-markets-are-ignoring-scary-headlines-about-iran-trade-wars-and-us-debt/
Why markets are ignoring scary headlines about Iran, trade wars and U.S. debt
https://www.msn.com/en-us/money/markets/after-the-taco-trade-here-comes-the-trump-collar-what-that-means-for-stocks/ar-AA1FVwaV
After the TACO trade, here comes the ‘Trump collar.’ What that means for stocks.
Speaking of OilPrice, I think that much of what they publish in terms of geopolitics is performative – designed to influence investor and media community.
The website is the parent company of OP Tactical, which sells high-quality weaponry and military equipment, and I suspect that it is connected to the MIC. At a time, at least when I did my first background check in 2022, OP Tactical were also providing veterans for hire to oil corporations.
This quote reveals a huge (and likely incorrect) hidden assumption: that Iran is being run by Homo Economicus types that make ‘rational’ decisions based on maximizing utility and profit. There were a number of links and comments yesterday reflecting on what motivates Iranian leadership and none of them made that assertion. Descalzi is likely saying this because he is one himself, and can’t conceive of others operating by different values.
Leaving aside the point someone made above (that there could be negative military consequences from leaving it open that offset the economic value) if this were true, it would have been true during the Iran-Iraq war as well. Yet we know Iran closed the strait for a while then, as Yves points out. So Descalzi’s view isn’t even supported by the existing evidence.
and, for yer giggles, here is the letter i am drafting to the entire congress, house and senate.
Fucking reptiles,
apparently all of you had the same experience:
you’re at university, and rubbing one out to Thucydides, in some wingback chair, in some walnut paneled room…and you shot yer wad BEFORE y’all got to the part about Syracuse.
Stop being docile slaves to the damned corps.
Have a lil dignity, fer Christs sake.
Y’all were supposed to work for us, after all…and have failed utterly at that task for my entire 55 years.
I cant get the dentures I need…because “the government is broke”….yet, we can send 25 tankers, a bunch of ships and bombers, and who knows what else, to the damned middle east…because that psychopath in tel aviv told you to?
The Unipolar Moment is over…history has started again…and we’re just another player, now.
Get used to it.
For all the whinging from you reptiles about how China is so far ahead in this or that…well?!!
who made that happen, I wonder…you guys!
Because you didnt want to pay Americans…because you needed more and more…like a fentanyl junky, in fact.
What have any of you done to DESERVE the positions you hold?
And what, god allmighty, have you done for US?
added(i wont send shite like this till im sober, btw):
de Tocqueville ?
Where’s he in all this madness?
Did you lock him away, somewhere?
What about Jefferson and Washington, the various Adams…and so on?
Have you contemplated how any of them would advise you, at this moment?
Or are you wholly consumed by this reptilian parasite, and can only move towards heat…even if its the heat of a nuke?
STOP BEING DUMBASSES!!!
end the american empire like a boss…peacefully.
Not this way…
this way, you all will be remembered as dead enders, or cowards.
And mass murdering crazy people.
It’s not a good look…
thank you, Amfortas.
Youngest came by to spell me at my Key Man BS..lost my train.
this is as far as i got, ere my ire was interrupted:
Fucking reptiles,
apparently all of you had the same experience:
you’re at university, and rubbing one out to Thucydides, in some wingback chair, in some walnut paneled room…and you shot yer wad BEFORE y’all got to the part about Syracuse.
Stop being docile slaves to the damned corps.
Have a lil dignity, fer Christs sake.
Y’all were supposed to be working for us, after all…and y’all have failed utterly at that task for my entire 55 years.
I cant get the dentures I need…because “the government is broke”….yet, we can send 25 tankers, a bunch of ships and bombers, and who knows what else, to the damned middle east…because that psychopath in tel aviv told you to?
The Unipolar Moment is over…history has started again…and we’re just another player, now.
Get used to it.
For all the whinging from you reptiles about how China is so far ahead in this or that…well?!!
who made that happen, I wonder…you guys!
Because you didnt want to pay Americans…because you needed more and more…like a fentanyl junky, in fact.
What have any of you done to DESERVE the positions you hold?
And what, god almighty, have you done for US?
de Tocqueville ?
Where’s he in all this madness?
Did you lock him away, somewhere?
What about Jefferson and Washington, the various Adams…and so on?
Have you contemplated how any of them would advise you, at this moment?
Or are you wholly consumed by this reptilian parasite, and can only move towards heat…even if its the heat of a nuke?
STOP BEING DUMBASSES!!!
end the american empire like a boss…peacefully.
Not this way…
this way, you all will be remembered as dead enders, or cowards.
And mass murdering crazy people.
It’s not a good look…
And what about us, huh?
What have any of you reptiles done for us…and I aint’t talkin about the tiny minority of the already rich.
Remember , this nation was founded on the Idea that there should be no Lords, no kings…everyone is equal before the law, and all that.
One faction among you took Habeus…the other…well, y’all laid upon the floor like a goddamn rug.
One faction among you decided that weed was evil, and the other side said, “OK”.
I no longer believe that there are 2…opposing sides….but that all y’all are one big, corps(E) Uniparty, that pretends to be otherwise.
Its like soccer, or basketball, to you all.
Meanwhile, the minimum wage hasnt been added to for goin on twenty years.
Because us here at the bottom dont matter to you.
The most recent polls say that the American People are against all the shit israel is tryn to drag us in to….you’ve likely seen those polls.
But you dont really work for us, do you?
You work for who pays you.
And AIPAC pays you well.
So well done…all…
Fucking Reptiles.
Watch yer back, henceforeward… because you’ll never go anywhere where someone doesnt recognise you…and remember what youve enabled…over 30+ years!…here.
I call upon every American to stand the fuck up and oppose this endless warmongering and lying and perfidy.
The only thing “THEY” care about is money.
So I call for a General Strike.
Stop paying your bills, stop going to work.
Stop buying anything.
And, fer god’s sake, stop using the financial system at all.
I guarantee that “THEY” will notice.
Because “The Economy” is all that matters to them.
Deny it to them.
Watch them writhe.
Stop buying things, stop working
i’d like y’all to make that viral.
attribute it to a buncha random names.
see what happens.
(yes, ive been in “The Resistance” for my whole life)
This is OT, but since the source for the article is the CEO of ENI, I have to mention a film:
https://en.wikipedia.org/wiki/The_Mattei_Affair
Directed by Francesco Rosi, this is about the life and death of Enrico Mattei, Italian businessman extraordinaire and the first CEO of ENI.
Not only was Mattei killed when his private airplane exploded under mysterious circumstances, but the investigative journalist Mauro De Mauro “disappeared” in 1970 and one of the leading theories about this concerns his interest in the Mattei case.
Iran has hundreds of light speed boats capable of firing a mix of light rockets. A single one of these boats could easily disable a tanker by hitting the stern and causing an engine room fire.
The logical step for Iran would be to hit any tanker going to a country that supports Israel or the US. They could still export oil themselves. That would be difficult for the US. They would have a mad scramble to change their refineries to cope without ME oil. It would be catastrophic for Europe. They would probably have both liquid fuel rationing and electricity blackouts (they rely on gas for a significant proportion of power generation).
Optimism lends dignity to imprudence.