Economic consequences of the Iran war

Ember said:
John Mearsheimer on economic consequences: One third of the world's fertilizer comes through the Strait of Hormuz. This is going to create major league inflation, increased food prices and result in the deaths of many people all around the world. The potential for disaster is not to be underestimated.

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Yesterday, in exchange for releasing 250 political prisoners, US government lifted sanctions from Belarusian fertilizer industry.
Coincidence? I think not.
 
DD Geopolitics tweeted:

NEW ACTIVIST GROUP IN CZECHIA!!!

A facility linked to Elbit Systems, Israel's largest weapons manufacturer, was set ablaze overnight in Pardubice, Czech Republic.

The factory was operated by Czech arms company LPP Holding in partnership with Elbit, and was being developed as a drone production and technology center.

A previously unknown underground group calling itself the Earthquake Faction claimed responsibility for the attack. Czech Interior Minister confirmed police are investigating a likely link to a deliberate attack. Elbit Systems shares dropped 1.5% following the news.

Elbit manufactures approximately 85% of Israel's military drone fleet, as well as munitions, missiles, and electronic warfare systems.

Partisans are working.

 
GoodShepherd said:
The Amish dont have this problem, Its amazing to see how fragile our economies are and how dependant our nations and people are, because boats cant go in and out of a certain straight far away in the middle east.
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If the USA and Canada could neither import nor export fuel, our energy costs would be much lower because now the international prices we pay require us to cover the arbitrage of countries with insufficient natural resources.

Such a limitation would, however, put us into a similar conflict as 1953 Iran when Mossedegh nationalized British Petroleum oil fields and was deposed by the CIA and MI6. Oil conglomerates would be in a similar position to prevent local/national control of petroleum resources in North America as well.

Therefore, international trade without controls & tariffs is inimical to nationalism, which we also see with globalization. Ironically, it was through the forced opening of foreign markets during colonial expansion that these seeds were sown which we are reaping now.
 
Read_Lives_of_Saints said:
If the USA and Canada could neither import nor export fuel, our energy costs would be much lower because now the international prices we pay require us to cover the arbitrage of countries with insufficient natural resources.

Such a limitation would, however, put us into a similar conflict as 1953 Iran when Mossedegh nationalized British Petroleum oil fields and was deposed by the CIA and MI6. Oil conglomerates would be in a similar position to prevent local/national control of petroleum resources in North America as well.

Therefore, international trade without controls & tariffs is inimical to nationalism, which we also see with globalization. Ironically, it was through the forced opening of foreign markets during colonial expansion that these seeds were sown which we are reaping now.
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One practical solution would be to do what Norway does, a sort of export tax on natural resources.
 
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