Die Ölproduktion im Irak sinkt um etwa 60 %, da der Iran-Krieg Tanker blockiert

Iraq is their buddies

We’re fucked.

i find it wild that people are acting surprised by this. iraq exports something like 3.3 million barrels a day through the gulf, and most of that has to go through or near the strait of hormuz. the second iran started mining approaches and hitting vessels, every tanker captain and their insurer did the math and said no thanks.

the part nobody seems to be talking about is what this does to iraq specifically. their entire federal budget is like 90% oil revenue. a 60% drop in output isn’t just a market story, it’s a potential state collapse story. iraq’s government was already barely functional, and now you’ve cut their income by more than half overnight. if this goes on for weeks, you’re looking at a country that literally cannot pay its security forces or civil servants. which is exactly how you create the next power vacuum in the middle east while trying to clean up the current one.

everyone’s focused on what this means for gas prices in the US. i think the bigger question is whether iraq survives this as a functioning state.

The cretins from Tel Aviv and Washington really have it all under control, aren’t they