Economic consequences of the Iran war

[Cooper]

We are heading to a global oil shock that is going to be at least as damaging as the last one from covid if this war drags on. Some countries like those in ASEAN that depend almost exclusively on Gulf oil are going to have to ration their gas, as could EU countries down the road. But even in the US, the price of oil, refined products and other GCC exports is going to surge and potentially push the economy into deep stagflation.

 

[Read_Lives_of_Saints]

How does Iran deal with reduced sales to its normal customers?

What's their sustainability to continue the war if they have reduced income?

Will Iran continue to sell to China and other non-aligned countries?

For how long can Trump continue the war if oil costs rise?

Will Japan or South Korea defy sanctions and buy from Russia?

 

[Cooper]

 

[Cooper]

 

[Read_Lives_of_Saints]

Global average jet fuel prices rose +82.8% MoM.

 

[Cooper]

 

[TruckDriver9]

How does Iran deal with reduced sales to its normal customers?

So far Iranian oil flows without any interruption. Their oil terminals haven't been bombed and their tankers move freely.

What's their sustainability to continue the war if they have reduced income?

They can continue until they empty their stockpiles. But their ability to rebuild their arsenals have been diminished - not because of the economic impact, but because of the strikes on their military-industrial base.

Will Iran continue to sell to China and other non-aligned countries?

As long as we allow them.

For how long can Trump continue the war if oil costs rise?

I don't think oil prices will determine the conclusion of this conflict.

Will Japan or South Korea defy sanctions and buy from Russia?

Japan was already exempt from some of the sanctions against Russia, and Trump recently suspended some of the other sanctions.

 

[RedLagoon]

It forces (well if they have any IQ left) Australia to refurbish their refineries and get them back to business asap. Everything runs on diesel here, only lawyers and other rich pricks own EVs in the cities. No joke you have city slickers who will tell you "just get Tesla trucks and electric trains", yes madam but your smashed avocado won't be delivered to you by EVs.

IQ has left though so who knows what kind of winter we're heading in to.

 

[Cooper]

It forces (well if they have any IQ left) Australia to refurbish their refineries and get them back to business asap. Everything runs on diesel here, only lawyers and other rich pricks own EVs in the cities. No joke you have city slickers who will tell you "just get Tesla trucks and electric trains", yes madam but your smashed avocado won't be delivered to you by EVs.

IQ has left though so who knows what kind of winter we're heading in to.

 

[magoo]

It looks like theyve put capital restrictions in UAE. If true it will wreck its reputation as a safe haven.

 

[GoodShepherd]

Iran cant hold out forever their economy is down too, although they trying to hurt Israel and USA the rest of the world is hurting more right now than USA

 

[TruckDriver9]

Clown industry is in trouble as 1/3 of world's helium comes from Qatar.

 

[GoodShepherd]

Some people have been saying South African borders might change because ships will be passing through the cape of good hope once again as it did in the old days, USA has some beef with South Africa at the moment so western and eastern sides of South Africa "might" get some western military support for succession where the major ports are situated.

 

[Seng Hock]

We are heading to a global oil shock that is going to be at least as damaging as the last one from covid if this war drags on. Some countries like those in ASEAN that depend almost exclusively on Gulf oil are going to have to ration their gas, as could EU countries down the road. But even in the US, the price of oil, refined products and other GCC exports is going to surge and potentially push the economy into deep stagflation.

The solution is very simple: change suppliers.

All countries around the world have been scrambling over the past year to negotiate tariffs with Donald Trump. Now, a perfect opportunity presents itself: just buy oil from the U.S. They get the oil they need, and at the same time they get on Trump’s good side. He may even be generous enough to lower their tariffs.

Beyond that, this is a lesson not to put all your eggs in one basket, and why every country should try to produce its own oil.​

 

[Dusty]

Chyna reading to make its move on the fertilizer front.

I just hope my rotting corpse grows some delicious bok choy for a chinaman.