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In reply to the discussion: Iran Reportedly Closes Strait of Hormuz, the World's Most Vital Oil Export Route [View all]madville
(7,847 posts)38. And I was responding directly to someone
Talking about shortages, thats the impact in that thought. You are free to interpret it however or as broadly as you want of course, I know what I meant (shrug).
Either way, Higher prices could happen and if they do it would quickly mitigate any potential shortage.
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Iran Reportedly Closes Strait of Hormuz, the World's Most Vital Oil Export Route [View all]
orangecrush
Saturday
OP
Iran's revolutionary guards tell ships passage through Strait of Hormuz 'not allowed', EU naval mission official says
orangecrush
Saturday
#2
Sure, it's a hot war zone but does not mean the straights are closed just because Iran says so
EX500rider
Saturday
#6
Tankers diverting to be cautious isn't the same as no shipping passing through we shall see
EX500rider
Saturday
#25
No. Commercial ships do not just say "damn the torpedoes" and sail to see what happens
muriel_volestrangler
Saturday
#10
They can but then they risk all the neighboring countries in the Gulf joining the war
EX500rider
Saturday
#42
And the expensive oil will be in the pipeline for months after the new oil starts flowing.
Swede
Saturday
#29
The problem is, there is NO "WE" in this scenario because "our" oil industry is not nationalized
AZJonnie
Saturday
#28
You said "impact" not "shortages" so that's what I was responding to, as prices would be included in "impact"
AZJonnie
Saturday
#36